Post Combination Sewing Machine Company
Post Combination Sewing Machine Company
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Product Details
Post Combination Sewing Machine Company
Certificate Type
Capital Stock
Date Issued
September 18, 1884
Canceled
No
Printer
J. J. Chapman, Stationer
Signatures
Hand signed
Approximate Size
11 1/2" (w) by 6 3/4" (h)
Images
Show the exact certificate you will receive
Guaranteed Authentic
Yes
Additional Details
NA
Historical Context
The Post Combination Sewing Machine Company was incorporated in 1884 in West Virginia and was based in Batavia.
The company later became the Batavia Sewing Machine Company.
The company was formed after the expiration of "The Sewing Machine Combination" or the "Sewing Machine Trust" led to the formation of a number of small, independent manufacturers. The "Sewing Machine Combination" was the first patent pool in US history. It was formed by the "Albany Agreement" of October 24, 1856 and lasted until its last patent expired in 1877. It existed for the purpose of reducing the licensing and litigation overhead being imposed by the patent thicket known as the Sewing Machine War.
Prior to the Sewing Machine Combination, companies could purchase rights from Elias Howe for a royalty fee of $25 for every machine sold. In 1856, president of the Grover & Baker company, Orlando B. Potter, worked with Howe, Wheeler & Wilson, and Isaac Singer's I. M. Singer and Company to pool their patents and agree to terms of use. The requirements were: at least 24 manufacturers were to be licensed; the founding companies would equally share the profits; and Howe would receive a $5 royalty for each machine sold in the U.S. and $1 for exported machines. Interests only were pooled, prices were not set, and the market was open to fair competition, which allowed companies to concentrate on manufacturing and marketing the machines, rather than litigation.
Of the nine patents pooled, three were particularly crucial: the lockstitch, the four-motion feed, and the combination of a vertical needle with horizontal sewing surface. In addition to its four member companies, dozens of other companies licensed its patents, for which they paid royalties and submitted annual production reports.
Twenty years after the Combination expired, only two of the companies remained in business, with the Post Combination Sewing Machine Company being one of the victims.
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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.
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Returns
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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.