Integrity Trust Company
Integrity Trust Company
- Only one piece available...
- Inventory on the way
Product Details
Intricately engraved antique stock certificate from the Integrity Trust Company dating back to the 1930's. This document, which is signed by the company Vice President and Treasurer, was printed by the Franklin Lee Division of the American Bank Note Company, and measures approximately 11 3/4" (w) by 7 3/4" (h).
The fantastic vignette on this piece shows a sign that was engraved into the facade of the company's building, located on Chestnut Street.
Images
You will receive the exact certificate pictured.
Historical Context
The Integrity Trust Company was incorporated in Pennsylvania and based in Philadelphia.
Formed in 1887, Integrity Trust was one of the largest banks in Philadelphia until its demise in 1940. In 1929 and 1930 it underwent a series of mergers, first with West Philadelphia Title and Trust Company in January 1929, then with Columbia Avenue Trust Company in May of that year, and Market Street Title and Trust Company in January 1930.
Integrity Trust turned down an ill-fated opportunity to merge with Bank of Philadelphia and Trust Company; Bankers Trust Company eventually did, marking the beginning of its financial woes. Integrity Trust reported gains in 1930, but by October 1931 it began to experience heavy withdrawals. On October 13th, seven of the strongest banks in Philadelphia formed a credit pool of $50 million for Integrity Trust so that it could continue operating and meet its deposits. This enabled the bank to keep its doors open for the time being.
In January 1938, scandal engulfed Integrity Trust regarding its connections to Pennroad Corporation, a holding company with ties to the Pennsylvania Railroad Company. Examiners with a U.S. Senate committee investigating Pennroad found that the company had provided for "window dressing" for Integrity Trust's financial reports in 1929, making it appear that the trust company had more capital than it did.
The trust company survived that scandal, but late in 1939 depositors began another rush of withdrawals. Integrity Trust dissolved in January 1940. By March 1947, the FDIC repaid the loans the Philadelphia Clearing House had forwarded to depositors when the bank began experiencing troubles, and no depositor in Integrity took any amount of loss.
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.
