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Consolidated Automatic Merchandising Corporation

$19.00

SKU: 3614
Product Details

  

Beautifully engraved antique stock certificate from the Consolidated Automatic Merchandising Corporation dating back to the 1930's. This document was a printed by the Hamilton Bank Note Company, and measures approximately 12" (w) by 8" (h).

 

This certificate's vignette features a female figure with an assortment of fruits and vegetables at her feet.

Images

You will receive the exact certificate pictured.

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.