Ocean Floating Safe Company
Ocean Floating Safe Company
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Product Details
Company | Ocean Floating Safe Company |
Certificate Type | Capital Stock |
Date Issued | November 24, 1919 |
Canceled | No |
Printer | Not indicated |
Signatures | Hand signed |
Approximate Size |
12 1/2" (w) by 9 1/4" (h) |
Product Images |
Show the exact certificate you will receive |
Authentic | Yes |
Additional Details | NA |
Historical Context
The Ocean Floating Safe Company was incorporated in the state of South Dakota (of all places) by Menotti Nanni, and had production facilities in Chicago. The concept for the floating safe stemmed from the sinking of the Titanic and the Lusitania, as well as the country’s entry into the first World War. With ocean travel becoming more and more dangerous, the floating safe was designed to secure valuables in containers that would withstand water and safely float to the surface.
The company developed and patented a cylindrical burglarproof, fireproof and nonsinkable vault for installation on board ships - either on a rental or a percentage basis, in much the same way that many of the great safety devices at sea, such as the Marconi Wireless Telegraph, were first introduced into the merchant marine service.
Made of double steel walls, it was stronger, more modern and more secure than any ordinary safe. The space between the walls was filled with a secret composition hard as cement and as light as cork. It had no air chamber of any kind, and was so constructed that it was marketed as impossible to sink. The cylinder was secured in a tube or well built into the vessel in such a manner that, in the case of accident to the vessel, as soon as the tube was submerged its cover was automatically released by the water pressure and the safes floated out of the tube and remained on the surface until picked up.
In larger passenger vessels the complete system was so constructed that a separate compartment with a separate safe opened on each deck, each compartment being entirely separated from the others, but still a part of the entire system, permitting easy access in much the same manner as if each deck were equipped with a safety deposit vault.
The service plan of the Ocean Floating Safe Company was designed to introduce these floating safes to steamship companies in a manner that would insure the steamship company a steady source of income without any initial expense. The company paid for all the initial equipment necessary and furnished the personnel to maintain and operate it continuously, dividing the profits with the vessel.
The safety deposit features offered the greatest source of income; but the service was also intended to cover mail and valuable express packages in such a manner that a substantial increase in tariffs could be made.
Related Collections
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.
FAQ
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.
Shipping
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.
Returns
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.