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{"id":6712226316447,"title":"North American Company","handle":"north-american-company","description":"\u003cdiv\u003e\u003c\/div\u003e\n\u003cmeta charset=\"utf-8\"\u003e\n\u003ch5\u003eProduct Details\u003c\/h5\u003e\n\u003cp\u003eBeautifully engraved antique stock certificate from theNorth American Company dating back to the 1890's. This document, which was printed by the Franklin Bank Note Company, is signed by the company Vice President and Assistant Treasurer, and measures approximately 11 1\/4\" (w) by 7 1\/4\" (h).\u003cbr\u003e\u003cbr\u003eThis piece features two vignettes - an eagle atop a shield at the top and a train at the bottom.\u003c\/p\u003e\n\u003ch5 style=\"text-align: left;\"\u003eImages\u003c\/h5\u003e\n\u003cp style=\"text-align: left;\"\u003eYou will receive the exact certificate pictured.\u003c\/p\u003e\n\u003cul\u003e\u003c\/ul\u003e\n\u003ch5\u003e\u003cspan\u003eHistorical Context\u003c\/span\u003e\u003c\/h5\u003e\n\u003cp\u003eThe North American Company was a holding company incorporated in New Jersey on June 14, 1890, and controlled by Henry Villard, to succeed to the assets and property of the Oregon and Transcontinental Company. It owned public utilities and public transport companies and was broken up in 1946, largely to comply with the Public Utility Holding Company Act of 1935.\u003cbr\u003e\u003cbr\u003eIts headquarters were at 60 Broadway in Manhattan.\u003cbr\u003e\u003cbr\u003e\u003cspan style=\"text-decoration: underline;\"\u003e\u003cem\u003eHoldings\u003c\/em\u003e\u003c\/span\u003e\u003cbr\u003e\u003cbr\u003eIn 1889 New Jersey passed legislation to facilitate the control of other companies by another corporation with a goal of encouraging trusts to convert into holding companies and relocate to that state. To take advantage of these expanded corporate powers, in 1890 Oregon and Transcontinental, which was an Oregon corporation, re-incorporated as a holding company in New Jersey and became the North American Company.\u003cbr\u003e\u003cbr\u003eBy 1940, North American was a US$2.3 billion holding company directly and indirectly heading up 80 companies. It controlled ten major direct subsidiaries in eight of which it owned at least 79%. Three of the ten were major holding companies:\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eUnion Electric Company of St. Louis, Missouri\u003c\/li\u003e\n\u003cli\u003eWashington Railway and Electric Company\u003c\/li\u003e\n\u003cli\u003eNorth American Light and Power Company\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cbr\u003eFour of the ten direct subsidiaries were operating companies:\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eCleveland Electric Illuminating Company\u003c\/li\u003e\n\u003cli\u003ePacific Gas and Electric\u003c\/li\u003e\n\u003cli\u003eDetroit Edison Company\u003c\/li\u003e\n\u003cli\u003eWisconsin Electric Power Company\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cbr\u003eThe remaining three of the ten direct subsidiaries were:\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eNorth American Utility Securities Corporation\u003c\/li\u003e\n\u003cli\u003eWest Kentucky Coal Company\u003c\/li\u003e\n\u003cli\u003e60 Broadway Building Corporation\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cbr\u003eAt various times during its existence, North American also owned substantial interests in these other companies as well:\u003cbr\u003e\u003cbr\u003eThe Milwaukee Electric Railway and Light Company: Formed in 1896 as a subsidiary of the North American Company. By 1929, it operated within North American Company along with Wisconsin Electric Power Company, which became the consolidated name of the two operating companies in 1938. It now belongs to Wisconsin Energy Corporation (NYSE: WEC)\u003cbr\u003e\u003cbr\u003eCapital Transit: Formed on December 1, 1933 in Washington, D.C. from merger of Washington Railway, Capital Traction, and Washington Rapid Transit. North American owned it through its holding company subsidiary, Washington Railway and Electric Company, which in turn was the holding company for the merged lines, owning 50% of Capital Transit.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003ePotomac Electric Power Company\u003c\/li\u003e\n\u003cli\u003eCincinnati Gas \u0026amp; Electric Company\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli\u003eUnion Light, Heat and Power of Covington, Kentucky\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli\u003eNorthern Natural Gas Company\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli\u003eButte Electric and Power Company\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli\u003eLaclede Gas Company\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli\u003eEdison Securities Corporation\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli\u003eWired Radio, Inc. (Muzak)\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli\u003eNorth American Edison Company\u003cbr\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cbr\u003eNorth American Company was broken up by the Securities and Exchange Commission, following the United States Supreme Court decision of April 1, 1946.\u003cbr\u003e\u003cbr\u003e\u003cspan style=\"text-decoration: underline;\"\u003e\u003cem\u003eDow Jones Industrial Average\u003c\/em\u003e\u003c\/span\u003e\u003cbr\u003e\u003cbr\u003eNorth American's stock was one of the twelve component stocks of the May 1896 original Dow Jones Industrial Average, but it was replaced later that same year. In 1928, when the number of stocks comprising the DJIA was increased to 30, North American was re-added to the list but was replaced again in 1930. The two periods when it was a component were:\u003cbr\u003e\u003cbr\u003eMay 26, 1896 – August 26, 1896, replaced by U. S. Cordage\u003cbr\u003eOctober 1, 1928 – January 29, 1930, replaced by Johns-Manville\u003c\/p\u003e","published_at":"2021-04-23T09:21:44-04:00","created_at":"2021-04-23T09:13:39-04:00","vendor":"Ghosts of Wall Street","type":"Stock Certificates","tags":["*N*","1890s","Date_1890s","Dow Jones Original 12","Holding Companies","New Jersey","North American Company","Price_$10 - $19.99","Railroad","Region_East","Trolley","Utilities"],"price":1200,"price_min":1200,"price_max":1200,"available":true,"price_varies":false,"compare_at_price":null,"compare_at_price_min":0,"compare_at_price_max":0,"compare_at_price_varies":false,"variants":[{"id":39825451778207,"title":"Green (100 Shares)","option1":"Green (100 Shares)","option2":null,"option3":null,"sku":"465gr","requires_shipping":true,"taxable":true,"featured_image":{"id":28704443203743,"product_id":6712226316447,"position":1,"created_at":"2021-04-23T09:18:46-04:00","updated_at":"2021-04-23T09:19:43-04:00","alt":"North American Company Stock Certificate","width":1550,"height":1005,"src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/465gr.png?v=1619183983","variant_ids":[39825451778207]},"available":true,"name":"North American Company - Green (100 Shares)","public_title":"Green (100 Shares)","options":["Green (100 Shares)"],"price":1200,"weight":28,"compare_at_price":null,"inventory_management":"shopify","barcode":"","featured_media":{"alt":"North American Company Stock Certificate","id":21037600768159,"position":1,"preview_image":{"aspect_ratio":1.542,"height":1005,"width":1550,"src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/465gr.png?v=1619183983"}},"requires_selling_plan":false,"selling_plan_allocations":[]},{"id":39825451810975,"title":"Brown (Various Shares)","option1":"Brown (Various Shares)","option2":null,"option3":null,"sku":"465br","requires_shipping":true,"taxable":true,"featured_image":{"id":28704443465887,"product_id":6712226316447,"position":4,"created_at":"2021-04-23T09:18:47-04:00","updated_at":"2021-04-23T09:19:43-04:00","alt":"North American Company Stock Certificate","width":1550,"height":1005,"src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/465br.png?v=1619183983","variant_ids":[39825451810975]},"available":true,"name":"North American Company - 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This document, which was printed by the Franklin Bank Note Company, is signed by the company Vice President and Assistant Treasurer, and measures approximately 11 1\/4\" (w) by 7 1\/4\" (h).\u003cbr\u003e\u003cbr\u003eThis piece features two vignettes - an eagle atop a shield at the top and a train at the bottom.\u003c\/p\u003e\n\u003ch5 style=\"text-align: left;\"\u003eImages\u003c\/h5\u003e\n\u003cp style=\"text-align: left;\"\u003eYou will receive the exact certificate pictured.\u003c\/p\u003e\n\u003cul\u003e\u003c\/ul\u003e\n\u003ch5\u003e\u003cspan\u003eHistorical Context\u003c\/span\u003e\u003c\/h5\u003e\n\u003cp\u003eThe North American Company was a holding company incorporated in New Jersey on June 14, 1890, and controlled by Henry Villard, to succeed to the assets and property of the Oregon and Transcontinental Company. It owned public utilities and public transport companies and was broken up in 1946, largely to comply with the Public Utility Holding Company Act of 1935.\u003cbr\u003e\u003cbr\u003eIts headquarters were at 60 Broadway in Manhattan.\u003cbr\u003e\u003cbr\u003e\u003cspan style=\"text-decoration: underline;\"\u003e\u003cem\u003eHoldings\u003c\/em\u003e\u003c\/span\u003e\u003cbr\u003e\u003cbr\u003eIn 1889 New Jersey passed legislation to facilitate the control of other companies by another corporation with a goal of encouraging trusts to convert into holding companies and relocate to that state. To take advantage of these expanded corporate powers, in 1890 Oregon and Transcontinental, which was an Oregon corporation, re-incorporated as a holding company in New Jersey and became the North American Company.\u003cbr\u003e\u003cbr\u003eBy 1940, North American was a US$2.3 billion holding company directly and indirectly heading up 80 companies. It controlled ten major direct subsidiaries in eight of which it owned at least 79%. Three of the ten were major holding companies:\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eUnion Electric Company of St. Louis, Missouri\u003c\/li\u003e\n\u003cli\u003eWashington Railway and Electric Company\u003c\/li\u003e\n\u003cli\u003eNorth American Light and Power Company\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cbr\u003eFour of the ten direct subsidiaries were operating companies:\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eCleveland Electric Illuminating Company\u003c\/li\u003e\n\u003cli\u003ePacific Gas and Electric\u003c\/li\u003e\n\u003cli\u003eDetroit Edison Company\u003c\/li\u003e\n\u003cli\u003eWisconsin Electric Power Company\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cbr\u003eThe remaining three of the ten direct subsidiaries were:\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eNorth American Utility Securities Corporation\u003c\/li\u003e\n\u003cli\u003eWest Kentucky Coal Company\u003c\/li\u003e\n\u003cli\u003e60 Broadway Building Corporation\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cbr\u003eAt various times during its existence, North American also owned substantial interests in these other companies as well:\u003cbr\u003e\u003cbr\u003eThe Milwaukee Electric Railway and Light Company: Formed in 1896 as a subsidiary of the North American Company. By 1929, it operated within North American Company along with Wisconsin Electric Power Company, which became the consolidated name of the two operating companies in 1938. It now belongs to Wisconsin Energy Corporation (NYSE: WEC)\u003cbr\u003e\u003cbr\u003eCapital Transit: Formed on December 1, 1933 in Washington, D.C. from merger of Washington Railway, Capital Traction, and Washington Rapid Transit. North American owned it through its holding company subsidiary, Washington Railway and Electric Company, which in turn was the holding company for the merged lines, owning 50% of Capital Transit.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003ePotomac Electric Power Company\u003c\/li\u003e\n\u003cli\u003eCincinnati Gas \u0026amp; Electric Company\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli\u003eUnion Light, Heat and Power of Covington, Kentucky\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli\u003eNorthern Natural Gas Company\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli\u003eButte Electric and Power Company\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli\u003eLaclede Gas Company\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli\u003eEdison Securities Corporation\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli\u003eWired Radio, Inc. (Muzak)\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli\u003eNorth American Edison Company\u003cbr\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cbr\u003eNorth American Company was broken up by the Securities and Exchange Commission, following the United States Supreme Court decision of April 1, 1946.\u003cbr\u003e\u003cbr\u003e\u003cspan style=\"text-decoration: underline;\"\u003e\u003cem\u003eDow Jones Industrial Average\u003c\/em\u003e\u003c\/span\u003e\u003cbr\u003e\u003cbr\u003eNorth American's stock was one of the twelve component stocks of the May 1896 original Dow Jones Industrial Average, but it was replaced later that same year. In 1928, when the number of stocks comprising the DJIA was increased to 30, North American was re-added to the list but was replaced again in 1930. The two periods when it was a component were:\u003cbr\u003e\u003cbr\u003eMay 26, 1896 – August 26, 1896, replaced by U. S. Cordage\u003cbr\u003eOctober 1, 1928 – January 29, 1930, replaced by Johns-Manville\u003c\/p\u003e"}

North American Company

$12.00
Maximum quantity available reached.
Stock Number: 465gr
Product Details

Beautifully engraved antique stock certificate from theNorth American Company dating back to the 1890's. This document, which was printed by the Franklin Bank Note Company, is signed by the company Vice President and Assistant Treasurer, and measures approximately 11 1/4" (w) by 7 1/4" (h).

This piece features two vignettes - an eagle atop a shield at the top and a train at the bottom.

Images

You will receive the exact certificate pictured.

    Historical Context

    The North American Company was a holding company incorporated in New Jersey on June 14, 1890, and controlled by Henry Villard, to succeed to the assets and property of the Oregon and Transcontinental Company. It owned public utilities and public transport companies and was broken up in 1946, largely to comply with the Public Utility Holding Company Act of 1935.

    Its headquarters were at 60 Broadway in Manhattan.

    Holdings

    In 1889 New Jersey passed legislation to facilitate the control of other companies by another corporation with a goal of encouraging trusts to convert into holding companies and relocate to that state. To take advantage of these expanded corporate powers, in 1890 Oregon and Transcontinental, which was an Oregon corporation, re-incorporated as a holding company in New Jersey and became the North American Company.

    By 1940, North American was a US$2.3 billion holding company directly and indirectly heading up 80 companies. It controlled ten major direct subsidiaries in eight of which it owned at least 79%. Three of the ten were major holding companies:

    • Union Electric Company of St. Louis, Missouri
    • Washington Railway and Electric Company
    • North American Light and Power Company


    Four of the ten direct subsidiaries were operating companies:

    • Cleveland Electric Illuminating Company
    • Pacific Gas and Electric
    • Detroit Edison Company
    • Wisconsin Electric Power Company


    The remaining three of the ten direct subsidiaries were:

    • North American Utility Securities Corporation
    • West Kentucky Coal Company
    • 60 Broadway Building Corporation


    At various times during its existence, North American also owned substantial interests in these other companies as well:

    The Milwaukee Electric Railway and Light Company: Formed in 1896 as a subsidiary of the North American Company. By 1929, it operated within North American Company along with Wisconsin Electric Power Company, which became the consolidated name of the two operating companies in 1938. It now belongs to Wisconsin Energy Corporation (NYSE: WEC)

    Capital Transit: Formed on December 1, 1933 in Washington, D.C. from merger of Washington Railway, Capital Traction, and Washington Rapid Transit. North American owned it through its holding company subsidiary, Washington Railway and Electric Company, which in turn was the holding company for the merged lines, owning 50% of Capital Transit.

    • Potomac Electric Power Company
    • Cincinnati Gas & Electric Company
    • Union Light, Heat and Power of Covington, Kentucky
    • Northern Natural Gas Company
    • Butte Electric and Power Company
    • Laclede Gas Company
    • Edison Securities Corporation
    • Wired Radio, Inc. (Muzak)
    • North American Edison Company


    North American Company was broken up by the Securities and Exchange Commission, following the United States Supreme Court decision of April 1, 1946.

    Dow Jones Industrial Average

    North American's stock was one of the twelve component stocks of the May 1896 original Dow Jones Industrial Average, but it was replaced later that same year. In 1928, when the number of stocks comprising the DJIA was increased to 30, North American was re-added to the list but was replaced again in 1930. The two periods when it was a component were:

    May 26, 1896 – August 26, 1896, replaced by U. S. Cordage
    October 1, 1928 – January 29, 1930, replaced by Johns-Manville

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