American Hoist & Derrick Company
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Product Details
CompanyAmerican Hoist & Derrick Company
Certificate Type
Common Stock
Date Issued
October 29, 1976 (blue)
November 27, 1972 (green)
Canceled
Yes
Printer
American 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
The Franklin Manufacturing Company was established in 1884 by Frank Johnson and Oliver Crosby in Minnesota and was based in St. Paul. One year later Franklin Manufacturing Company changed its name to American Manufacturing Company. A wire rope clamp designed to loop wire cable without the losing the integrity of the wire was invented by Oliver Crosby in 1886. American Manufacturing Company invented further enhancements to the construction industry by establishing steam powered hoists in 1889 and the largest electric hoists up to 15 hp.
In 1892, American Manufacturing Company became known as American Hoist & Derrick for 106 years. The first mobile crane was invented in 1895 called the Traveling Derrick. It consisted of a revolving derrick and steam hoist mounted on a rail-car like wheels. The ditcher, flatcar mounted crane designed to scoop out dirt on either side of the railroad, was invented by Oliver Crosby in 1904. The first crawler was established in 1923 and made cranes mobile. The company became international when the Yokohama Warehouse was constructed in 1905. Major construction projects such as the Panama Canal and Mount Rushmore used cranes from American Hoist & Derrick. American Hoist & Derrick reached 467 on the Fortune 500 list with a total revenue of $464.2 million.
In 1985 American Hoist & Derrick changed its name to Amdura and in that same year a group of investors purchased the business. The result of the purchase was a new company called the American Crane Corporation.
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Additional Information
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