National Linen Service Corporation
National Linen Service Corporation
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Intricately engraved antique stock certificate from the National Linen Service Corporation dating back to the 1960's. This document, which carries the printed signatures of the company President and Secretary, was printed by the E. A. Wright Bank Note Company and measures approximately 12" (w) by 8" (h).
This certificate features a pair of topless allegorical female figures flanking the company logo.
The history of National Service Industries begins with Isadore M. Weinstein, who was born in New York City and raised in Cleveland, Ohio, where he eventually began working for a towel supply firm. He went to Atlanta in 1908 to look into establishing a branch there but instead decided to start his own towel supply company.
World War I intervened to delay his plans, but upon returning from service he recommitted himself to his entrepreneurial project. By this time, he had decided that he should rent linens and uniforms in addition to towels. The inspiration for this decision was said to have come to him during a stay at a French hospital where he was recovering from wounds he suffered from machine gun fire. During his recuperation, he had noticed piles of clean, ironed towels, sheets, and nurses' uniforms.
On April 1, 1919, Weinstein and a partner, Herman Gross, formed the Atlanta Linen Supply Company, with total start-up capital of $1,700. Gross sold out to his partner in 1920, but Weinstein quickly secured two new partners, Abraham J. Weinberg, an owner of a drugstore who also had been an Atlanta Linen customer, and Joseph Jacobs. In 1922 Jacobs opened the company's first branch in Birmingham, Alabama. This led the company to change its name to Southern Linen Service Corporation. More branches soon were opened in Georgia, Tennessee, North Carolina, Florida, Louisiana, and Alabama.
In 1928 the company's stock began trading over the counter, and the name was changed again, to National Linen Service Corporation. The next decade saw the firm open a number of additional branches, including outlets in Virginia, South Carolina, and Kentucky. In 1939 National Linen expanded even further geographically by opening offices in Dallas, Fort Worth, Houston, and Los Angeles. National Linen gained a listing on the New York Stock Exchange in 1944.
By this time, National Linen Service had developed into a formidable force in the linen supply industry; in addition to having a workforce of more than 4,700, the company had expanded into manufacturing - making its own linens and garments, towel cabinets, delivery truck bodies, and soap.
Positioned as one of the few large, publicly traded companies competing in a highly fragmented and densely populated industry, National Linen Service grew to such an extent that the U.S. Department of Justice intervened in the 1950s, filing an antitrust suit against the company. The suit was settled in 1956 with a consent decree that set stringent restrictions on the company's further expansion. Although the company, then led by Milton N. Weinstein, son of the founder, would continue to acquire small linen supply companies, the ruling by the Justice Department led to its diversification into other business lines, marking a significant turning point in the company's history and forever changing the scope of its operations.
The company later made a number of diversifying acquisitions, and became a holding company for all of the individual assets.
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!
All of our pieces are original - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.
Are the certificates offered on your site genuine or reproductions?All of the certificates you see on our site are genuine pieces, we do not sell any reproductions.
Are the certificates you sell negotiable on any of today's stock markets or indexes?
No. All of the pieces we sell are either canceled or obsolete and have collectible value only.
Are the images presented in your product listings of the exact piece I will receive?
It depends. We try to present images of the exact piece you will receive whenever possible. However, when we are offering quantities of a piece, this is impossible. Within every product page we detail whether or not you will be receiving the exact certificate listed, or if the image is a representative example of the one you will receive.
How will you ship my order and how much do you charge?
We ship all orders via the United States Postal Service. Most domestic orders are shipped via Ground Advantage. USPS International, Priority and Express Mail, UPS and DHL services are also available, and costs are calculated during checkout. Current charges may be reviewed here.
Can I return my purchase?
Absolutely. You may return any merchandise, for any reason, within 30 days of the purchase date for a full refund of the purchase price.
We guarantee all of our pieces to be authentic. If you ever determine that a piece is not authentic, it may be returned for a full refund of the purchase price as well as any associated shipping charges.
If your order exceeds $35, and the shipping address is within the United States, shipping via USPS Ground Advantage is FREE!
We make every effort to ship out all orders within 24 hours of receipt.
We ship the majority of orders via the USPS, with domestic orders using the Ground Advantage service.
Shipping is calculated during checkout. Upgraded services such as Priority and Express Mail, as well as UPS and DHL options, are also available.
As soon as your order is shipped you will receive your tracking information via email.
OVERSEAS ORDERS PLEASE NOTE THAT WE DECLARE FULL ORDER VALUE ON ALL SHIPMENTS. CUSTOMER IS RESPONSIBLE FOR ALL VAT/CUSTOMS CHARGES.
Our goal is to make sure every item you receive is exactly what you had in mind. If you not happy with your purchase, we’ll help you get it sorted in a timely and professional manner.
You can return anything we offer for an exchange, refund or store credit within 30 days of delivery. Return shipping costs may apply, and the item must be in its original condition and packaging.
Any shipping charges collected on the original order are not eligible for a refund.