Eastern Texas Electric Company
Eastern Texas Electric Company
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Product Details
CompanyEastern Texas Electric Company
Certificate Type
Preferred Stock
Date Issued
May 18, 1926
Canceled
Yes
Printer
American Bank Note Company
Signatures
Hand signed
Approximate Size
12 1/4" (w) x 8 1/2" (h)
Images
Show the exact certificate you will receive
Guaranteed Authentic
Yes
Additional Details
NA
Historical Context
The Eastern Texas Electric Company traces its development to the New England company of Stone and Webster, an engineering-consulting company that serviced utilities through management contracts, often taking partial payment in stock, which it distributed to New England investors. In 1911, as holding companies began to replace the management-contract system, Stone and Webster formed a holding company called Eastern Texas Electric (of Maine) to accomplish a series of mergers involving ice, water, gas, and transportation properties. Though the Baton Rouge Gas Light Company, founded just before the Civil War, was the oldest of the holding company's multiple acquisitions, a typical example was the Beaumont Electric Light and Power Company, established to obtain an electric light and power property from the existing Beaumont Ice, Light, and Refrigerating Company, which not only provided electric light, but also managed the local water system and provided meat storage and ice. To increase daytime power use, Stone and Webster also acquired the Beaumont Traction Company in 1913 to run an interurban line between Beaumont and Port Arthur. The same procedure was used to take the Port Arthur Water Company through the formation of Port Arthur Light and Power and Port Arthur Ice and Refrigerating, both operating under the Maine firm, which continued to grow through a series of company formations, mergers, and reorganizations.
The company was dissolved in 1923, and a new Eastern Texas Electric Company was organized and incorporated under the laws of Delaware in 1924 to provide a more flexible financial structure and to facilitate the acquisition of new properties in the holding company chain. By 1925 the combined operating companies had 449 employees and served 114,000 people.
Later that year, the Gulf States Utilities Company was formed from as many as seventy-five corporations, municipal and town distribution systems, and personal holdings consolidated into four large companies: Eastern Texas Electric, Western Public Service, Louisiana Electric, and Baton Rouge Electric.
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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.
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. Â
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. Â
How will you ship my order and how much do you charge?Â
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?Â
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, weâll 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.