Magley and Soest Improved Paper Pulley Company
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Product Details
Company | Magley and Soest Improved Paper Pulley Company |
Certificate Type | Capital Stock |
Date Issued | August 11, 1923 |
Canceled | No |
Printer | Ft. Wayne Printing Co. |
Signatures | Hand signed |
Approximate Size |
10 1/4" (w) by 8 1/2" (h) |
Product Images |
Show the exact certificate you will receive |
Authentic | Yes |
Additional Details | NA |
Historical Context
Merrill F. Magley, of Columbia City, Indiana, developed a patent for a pulley, half of which he assigned to Henry W. Soest, of Churubusco, Indiana, on July 26, 1923 (less than a month before this certificate was issued). The patent (#1,535,369) described the device as follows:
"In a pulley, a rim; a pair of end discs between which the rim is permanently clamped; an interior sleeve extending through the rim and discs; and a key permanently fixed in the sleeve, one of its edges extending into the rim and its opposite edge, projecting into the bore of the sleeve."
It appears the patent was the basis for the formation of the Magley and Soest Improved Paper Pulley Company. However, there is no evidence the company ever came close to the production phase and no annual reports were ever filed.
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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!
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.