Consolidated Automatic Merchandising Corporation
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Product Details
CompanyConsolidated Automatic Merchandising Corporation
Certificate Type
Common Voting Trust
Date Issued
December 4, 1931
Canceled
Yes
Printer
Hamilton Bank Note Company
Signatures
Hand signed
Approximate Size
12" (w) by 8" (h)
Images
Show the exact certificate you will receive
Guaranteed Authentic
Yes
Additional Details
NA
Historical Context
The Consolidated Automatic Merchandising Corporation was incorporated in 1928 with some major financial backing from the United Cigar Stores Company.
The company was a merger of a number of vending interests, including the Sanitary Postage Service Corporation, which produced machines to sell postage stamps.
The company had designs to produce automated vending machines for a variety of applications, and even had a plan to replace store clerks with vending machine “robots.”
Franklin Delano Roosevelt was one of the company’s original directors of CAMCO, but never took an active part in its flotation. Saunders Norwell, who from 1926 to 1933 was president of the Remington Arms Company was also on the board.
By the end of 1929, citizens who still had a nickel were keeping their hands in their pockets. The company went into receivership in 1934 - its investors losing millions.
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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!
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