Associated Telephone Utilities Company (GTE Predecessor)
Associated Telephone Utilities Company (GTE Predecessor)
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Product Details
CompanyAssociated Telephone Utilities Company
Certificate Type
Common/Cumulative Prior Preferred Stock
Date Issued
February 17, 1931 (blue)
June 4, 1931 (green)
Canceled
No
Printer
Republic Bank Note Company
Signatures
Machine printed (blue)
Hand signed (green)
Approximate Size
12 1/8" (w) by 8 3/4" (h)
Images
Show the exact certificate you will receive
Guaranteed Authentic
Yes
Additional Details
NA
Historical Context
The Associated Telephone Utilities Company was founded in Wisconsin in 1926 by Sigurd Odegard to purchase the assets of the Associated Telephone Company and the Commonwealth Telephone Company. The company incorporated as a Delaware entity.
The company acquired the Indiana Telegraph Securities Company and its subsidiary companies in August 1929. The purchased utility operated 9,819 stations in Logansport and Greencastle, Indiana.
The Associated Telephone Utilities Company increased its budget for 1930 to $7,000,000, an increase of 40%. It invested $3,047,000 of this sum in the Western United States, with $2,493,850 spent in Los Angeles and the surrounding region. $553,500 was divided among Washington, Idaho, Nebraska, and Texas.
Five Wisconsin telephone operating companies were purchased by the Associated Telephone Utilities Company in August 1930. These utilities were consolidated with the Wisconsin properties of the Associated Telephone Utilities system.
A one-month sales campaign resulted in the addition of 1,040 phones in August 1931. During this period the Midwestern utility worked in unison with the Associated Telephone Utilities System in New York. For the year ending December 31, 1932, the firm realized a profit of $13,305 after taxes.
Prior to the Depression, the utility was a prominent player in the electrical power business in the Midwestern United States, however the company fell into bankruptcy in 1933. An appeal by receivers appointed for the company was filed around April 1933, contesting the bankruptcy of the utility, and it was reorganized in 1934 as General Telephone.
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 Information
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.