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American Can Company

$12.00

SKU: 5357
Product Details

Nicely engraved antique bond certificate from the American Can Company dating back to the 1980's. This document, which contains the printed signatures of the company Chairman of the Board and Secretary, was printed by the American Bank Note Company and measures approximately 12" (w) by 8" (h).

 

The certificate features a vignette of a group of allegorical figures around a winged gear. A city skyline appears in the background.

You will receive the exact certificate pictured.

    Historical Context

    The American Can Company was formed in 1901 and was a manufacturer of tin cans. It was a member of the Tin Can Trust, that controlled a "large percentage of business in the United States in tin cans, containers, and packages of tin."

    The company was formerly a member of the Dow Jones Industrial Average from 1959–1991, though after 1987 it had renamed itself Primerica, a financial conglomerate which had divested itself of its packaging arm in 1986.

    Primerica, after it was merged with Sanford I. Weill's Commercial Credit Company, would form the basis of what would become Citigroup.

    The American Can Company had its headquarters in Manhattan, New York City until 1970, when it moved into a Greenwich, Connecticut facility, which had been developed on 150 acres  of wooded land in the late 1960s. In the early 1980s American Can renamed itself and ended its operations in Greenwich.

    At its peak, American Can made metal containers for Hormel meat cans, as well as a variety of scientifically sophisticated plastic packages. American Can made plastic Welch's jelly jars and squeezable Heinz ketchup bottles, along with Eagle Snack food packages and most toothpaste tubes. But despite all that, the company's primary business was metal cans for beer and soft drink manufacturers.

    Through its subsidiaries American Can underwrote life and health insurance, managed mutual funds and engaged in mortgage banking and real estate syndication. It also marketed a broad line of consumer products through a direct-mail business, and operated more than 500 record and audio equipment stores nationwide, such as Musicland and Sam Goody.

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