Carolina Telephone and Telegraph Company
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Product Details
CompanyCarolina Telephone and Telegraph Company
Certificate Type
Common Capital Stock
Date Issued
Specimen, circa 1960's
Canceled
Yes
Printer
Security-Columbian Bank Note Company
Signatures
Machine printed
Approximate Size
12" (w) by 8" (h)
Images
Show the exact certificate you will receive
Guaranteed Authentic
Yes
Additional Details
NA
Historical Context
Carolina Telephone & Telegraph got its start in the autumn of 1894 when a traveling salesman named G. A. Holderness united a group of businessmen to establish a telephone exchange in Tarboro, North Carolina. The group raised $2,500 and sold stock to nine additional citizens of Tarboro to gain further funding. In October, 1895, the exchange became operational. Its switchboard was located on the second floor of a building on Tarboro's main street. It had a capacity of about 50 lines, which served an initial pool of 30 subscribers. The new service quickly proved to be a success, and Holderness and his partners soon expanded operations to the nearby towns of Washington and Kinston. In addition, they purchased the previously existing exchange in Fayetteville.
Over the next 70 years, the company grew to cover a large part of North Carolina, all the while, remaining an independent company. By the end of 1963, CT&T had about 8,000 private stockholders, with the owner of one of the largest shares of the company being the Southern Bell company, an arm of American Telephone & Telegraph Company (AT&T). However, in December 1963, CT&T avoided any takeover overtures when Southern Bell sold its 18 percent holding in CT&T to the public, ending its involvement with the independent company. Five months later CT&T made its debut on the New York Stock Exchange.
However, at the end of the 1960s CT&T was purchased by a telecommunications holding company that eventually became the Sprint Corporation.
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Additional Information
Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!
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