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{"id":3876368810067,"title":"Interco Incorporated (Converse, Florsheim, Ethan Allen)","handle":"interco-incorporated","description":"\u003ch5\u003eProduct Details\u003c\/h5\u003e\n\u003cp\u003eIntricately engraved antique stock certificate from Interco Incorporated dating back to the 1970's. This document, which carries the printed signatures of the company Chairman of the Board and Secretary, was printed by the American Bank Note Company, and measures approximately 12\" (w) by 8\" (h).\u003cbr\u003e\u003cbr\u003eThis certificate features a vignette of a pair allegorical angelic figures flanking the company logo.\u003c\/p\u003e\n\u003ch5 style=\"text-align: left;\"\u003eImages\u003c\/h5\u003e\n\u003cdiv style=\"text-align: left;\"\u003eYou will receive the exact certificate pictured.\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cul\u003e\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003ch5\u003e\u003cspan\u003eHistorical Context\u003c\/span\u003e\u003c\/h5\u003e\n\u003cp\u003eInterco was organized in 1911 as the International Shoe Company (ISC) by the consolidation of Roberts, Johnson \u0026amp; Rand Shoe Company and the Peters Shoe Company, both of \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/st-louis-missouri\"\u003e\u003cstrong\u003eSt. Louis, Missouri\u003c\/strong\u003e\u003c\/a\u003e. The company built a reputation for manufacturing quality \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/shoes\"\u003e\u003cstrong\u003efootwear\u003c\/strong\u003e\u003c\/a\u003e in basic styles in the low-to-medium price range.\u003cbr\u003e\u003cbr\u003eIn 1921 ISC was restructured and chartered in Delaware. At that time it had 32 shoe factories in \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/missouri\"\u003e\u003cstrong\u003eMissouri\u003c\/strong\u003e\u003c\/a\u003e, \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/illinois\"\u003e\u003cstrong\u003eIllinois\u003c\/strong\u003e\u003c\/a\u003e, and \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/kentucky\"\u003e\u003cstrong\u003eKentucky\u003c\/strong\u003e\u003c\/a\u003e, and had recently acquired the three tanneries of Kistler, Lesh \u0026amp; Co. as part of the long-range goal to achieve full vertical integration. In May 1921 ISC acquired W.H. McElwain Company of \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/boston-massachusetts\"\u003e\u003cstrong\u003eBoston\u003c\/strong\u003e\u003c\/a\u003e, with ten shoe factories, two tanneries, and four shoe-material factories, all in \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/new-hampshire\"\u003e\u003cstrong\u003eNew Hampshire\u003c\/strong\u003e\u003c\/a\u003e.\u003cbr\u003e\u003cbr\u003eThe acquisitions in 1952 of the Florsheim Shoe Company, a manufacturer of better-quality men’s shoes founded in 1892, and in 1954 of Savage Shoes, Ltd., the largest shoe manufacturer in \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/canada\"\u003e\u003cstrong\u003eCanada\u003c\/strong\u003e\u003c\/a\u003e, were the last sizable acquisitions of shoe manufacturers until the mid-1980s. In 1958, however, ISC acquired its first offshore manufacturer, the Caribe Shoe Corporation of \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/puerto-rico\"\u003e\u003cstrong\u003ePuerto Rico\u003c\/strong\u003e\u003c\/a\u003e. The firm was small, with a daily capacity of 3,500 pairs of juvenile shoes, but it foretold of the future.\u003cbr\u003e\u003cbr\u003eBetween 1964 and 1978 ISC acquired 21 separate companies, and with the exception of Central Hardware in 1966, all were \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/textiles-clothing\"\u003e\u003cstrong\u003eapparel manufacturers\u003c\/strong\u003e\u003c\/a\u003e or \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/retail-mail-order\"\u003e\u003cstrong\u003eretailers\u003c\/strong\u003e\u003c\/a\u003e. The acquired companies were given operating freedom, and some of these units went on to acquire additional firms in related areas of business, adding to the overall growth of ISC. The company was markedly successful in acquiring thriving firms with good product lines, and became a role model for other firms seeking to ensure profitability through acquisitions. In 1966 in keeping with its broader base as a diversified apparel maker, footwear manufacturer, retailer and \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/department-stores\"\u003e\u003cstrong\u003edepartment store\u003c\/strong\u003e\u003c\/a\u003e operator, the International Shoe Company adopted the corporate name INTERCO.\u003cbr\u003e\u003cbr\u003eA new direction was begun in 1979 when INTERCO agreed to the acquisition of Ethan Allen Inc. for cash and stock totaling $130 million. Ethan Allen, begun in 1932 as a home-furnishings jobber, was a fully integrated manufacturer and retailer of \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/consumer-products\"\u003e\u003cstrong\u003efurniture and accessories\u003c\/strong\u003e\u003c\/a\u003e.\u003cbr\u003e\u003cbr\u003eA major addition to the footwear group was made with the acquisition in 1986 of Converse, a \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/massachusetts\"\u003e\u003cstrong\u003eMassachusetts\u003c\/strong\u003e\u003c\/a\u003e-based manufacturer of athletic footwear founded in 1908.The largest acquisition in furniture and home furnishings came in 1987 when INTERCO gained control of the Lane Company at a cost approaching $500 million. Lane, based in Altavista, \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/virginia\"\u003e\u003cstrong\u003eVirginia\u003c\/strong\u003e\u003c\/a\u003e, was founded in 1912 as a maker of cedar chests, and through growth and acquisition expanded into a full-line manufacturer of furniture in the medium-to-upper price ranges.\u003c\/p\u003e","published_at":"2019-06-21T09:46:02-04:00","created_at":"2019-06-21T09:46:02-04:00","vendor":"Ghosts of Wall Street","type":"Stock Certificates","tags":["*I*","1970s","Boston","Canada","Consumer Products","Date_1970s","Famous Companies","Furniture","Illinois","Interco","Kentucky","Missouri","New Hampshire","Price_$10 - $19.99","Region_East","Region_Midwest","Region_South","Shoes","Textiles \u0026 Clothing","Virginia"],"price":1500,"price_min":1500,"price_max":1500,"available":true,"price_varies":false,"compare_at_price":null,"compare_at_price_min":0,"compare_at_price_max":0,"compare_at_price_varies":false,"variants":[{"id":29211653144659,"title":"Default Title","option1":"Default Title","option2":null,"option3":null,"sku":"5353","requires_shipping":true,"taxable":true,"featured_image":null,"available":true,"name":"Interco Incorporated (Converse, Florsheim, Ethan Allen)","public_title":null,"options":["Default Title"],"price":1500,"weight":7,"compare_at_price":null,"inventory_management":"shopify","barcode":"","requires_selling_plan":false,"selling_plan_allocations":[]}],"images":["\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/5353or.png?v=1630668463","\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/5353orvign.png?v=1630668469"],"featured_image":"\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/5353or.png?v=1630668463","options":["Title"],"media":[{"alt":"Interco Incorporated Stock Certificate","id":23080480538783,"position":1,"preview_image":{"aspect_ratio":1.487,"height":1009,"width":1500,"src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/5353or.png?v=1630668463"},"aspect_ratio":1.487,"height":1009,"media_type":"image","src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/5353or.png?v=1630668463","width":1500},{"alt":"Interco Incorporated Stock Certificate","id":23080480571551,"position":2,"preview_image":{"aspect_ratio":2.192,"height":761,"width":1668,"src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/5353orvign.png?v=1630668469"},"aspect_ratio":2.192,"height":761,"media_type":"image","src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/5353orvign.png?v=1630668469","width":1668}],"requires_selling_plan":false,"selling_plan_groups":[],"content":"\u003ch5\u003eProduct Details\u003c\/h5\u003e\n\u003cp\u003eIntricately engraved antique stock certificate from Interco Incorporated dating back to the 1970's. This document, which carries the printed signatures of the company Chairman of the Board and Secretary, was printed by the American Bank Note Company, and measures approximately 12\" (w) by 8\" (h).\u003cbr\u003e\u003cbr\u003eThis certificate features a vignette of a pair allegorical angelic figures flanking the company logo.\u003c\/p\u003e\n\u003ch5 style=\"text-align: left;\"\u003eImages\u003c\/h5\u003e\n\u003cdiv style=\"text-align: left;\"\u003eYou will receive the exact certificate pictured.\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cul\u003e\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003ch5\u003e\u003cspan\u003eHistorical Context\u003c\/span\u003e\u003c\/h5\u003e\n\u003cp\u003eInterco was organized in 1911 as the International Shoe Company (ISC) by the consolidation of Roberts, Johnson \u0026amp; Rand Shoe Company and the Peters Shoe Company, both of \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/st-louis-missouri\"\u003e\u003cstrong\u003eSt. Louis, Missouri\u003c\/strong\u003e\u003c\/a\u003e. The company built a reputation for manufacturing quality \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/shoes\"\u003e\u003cstrong\u003efootwear\u003c\/strong\u003e\u003c\/a\u003e in basic styles in the low-to-medium price range.\u003cbr\u003e\u003cbr\u003eIn 1921 ISC was restructured and chartered in Delaware. At that time it had 32 shoe factories in \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/missouri\"\u003e\u003cstrong\u003eMissouri\u003c\/strong\u003e\u003c\/a\u003e, \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/illinois\"\u003e\u003cstrong\u003eIllinois\u003c\/strong\u003e\u003c\/a\u003e, and \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/kentucky\"\u003e\u003cstrong\u003eKentucky\u003c\/strong\u003e\u003c\/a\u003e, and had recently acquired the three tanneries of Kistler, Lesh \u0026amp; Co. as part of the long-range goal to achieve full vertical integration. In May 1921 ISC acquired W.H. McElwain Company of \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/boston-massachusetts\"\u003e\u003cstrong\u003eBoston\u003c\/strong\u003e\u003c\/a\u003e, with ten shoe factories, two tanneries, and four shoe-material factories, all in \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/new-hampshire\"\u003e\u003cstrong\u003eNew Hampshire\u003c\/strong\u003e\u003c\/a\u003e.\u003cbr\u003e\u003cbr\u003eThe acquisitions in 1952 of the Florsheim Shoe Company, a manufacturer of better-quality men’s shoes founded in 1892, and in 1954 of Savage Shoes, Ltd., the largest shoe manufacturer in \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/canada\"\u003e\u003cstrong\u003eCanada\u003c\/strong\u003e\u003c\/a\u003e, were the last sizable acquisitions of shoe manufacturers until the mid-1980s. In 1958, however, ISC acquired its first offshore manufacturer, the Caribe Shoe Corporation of \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/puerto-rico\"\u003e\u003cstrong\u003ePuerto Rico\u003c\/strong\u003e\u003c\/a\u003e. The firm was small, with a daily capacity of 3,500 pairs of juvenile shoes, but it foretold of the future.\u003cbr\u003e\u003cbr\u003eBetween 1964 and 1978 ISC acquired 21 separate companies, and with the exception of Central Hardware in 1966, all were \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/textiles-clothing\"\u003e\u003cstrong\u003eapparel manufacturers\u003c\/strong\u003e\u003c\/a\u003e or \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/retail-mail-order\"\u003e\u003cstrong\u003eretailers\u003c\/strong\u003e\u003c\/a\u003e. The acquired companies were given operating freedom, and some of these units went on to acquire additional firms in related areas of business, adding to the overall growth of ISC. The company was markedly successful in acquiring thriving firms with good product lines, and became a role model for other firms seeking to ensure profitability through acquisitions. In 1966 in keeping with its broader base as a diversified apparel maker, footwear manufacturer, retailer and \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/department-stores\"\u003e\u003cstrong\u003edepartment store\u003c\/strong\u003e\u003c\/a\u003e operator, the International Shoe Company adopted the corporate name INTERCO.\u003cbr\u003e\u003cbr\u003eA new direction was begun in 1979 when INTERCO agreed to the acquisition of Ethan Allen Inc. for cash and stock totaling $130 million. Ethan Allen, begun in 1932 as a home-furnishings jobber, was a fully integrated manufacturer and retailer of \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/consumer-products\"\u003e\u003cstrong\u003efurniture and accessories\u003c\/strong\u003e\u003c\/a\u003e.\u003cbr\u003e\u003cbr\u003eA major addition to the footwear group was made with the acquisition in 1986 of Converse, a \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/massachusetts\"\u003e\u003cstrong\u003eMassachusetts\u003c\/strong\u003e\u003c\/a\u003e-based manufacturer of athletic footwear founded in 1908.The largest acquisition in furniture and home furnishings came in 1987 when INTERCO gained control of the Lane Company at a cost approaching $500 million. Lane, based in Altavista, \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/virginia\"\u003e\u003cstrong\u003eVirginia\u003c\/strong\u003e\u003c\/a\u003e, was founded in 1912 as a maker of cedar chests, and through growth and acquisition expanded into a full-line manufacturer of furniture in the medium-to-upper price ranges.\u003c\/p\u003e"}

Interco Incorporated (Converse, Florsheim, Ethan Allen)

$15.00
Maximum quantity available reached.
Stock Number: 5353
Product Details

Intricately engraved antique stock certificate from Interco Incorporated dating back to the 1970's. This document, which carries the printed signatures of the company Chairman of the Board and Secretary, was printed by the American Bank Note Company, and measures approximately 12" (w) by 8" (h).

This certificate features a vignette of a pair allegorical angelic figures flanking the company logo.

Images
You will receive the exact certificate pictured.
    Historical Context

    Interco was organized in 1911 as the International Shoe Company (ISC) by the consolidation of Roberts, Johnson & Rand Shoe Company and the Peters Shoe Company, both of St. Louis, Missouri. The company built a reputation for manufacturing quality footwear in basic styles in the low-to-medium price range.

    In 1921 ISC was restructured and chartered in Delaware. At that time it had 32 shoe factories in Missouri, Illinois, and Kentucky, and had recently acquired the three tanneries of Kistler, Lesh & Co. as part of the long-range goal to achieve full vertical integration. In May 1921 ISC acquired W.H. McElwain Company of Boston, with ten shoe factories, two tanneries, and four shoe-material factories, all in New Hampshire.

    The acquisitions in 1952 of the Florsheim Shoe Company, a manufacturer of better-quality men’s shoes founded in 1892, and in 1954 of Savage Shoes, Ltd., the largest shoe manufacturer in Canada, were the last sizable acquisitions of shoe manufacturers until the mid-1980s. In 1958, however, ISC acquired its first offshore manufacturer, the Caribe Shoe Corporation of Puerto Rico. The firm was small, with a daily capacity of 3,500 pairs of juvenile shoes, but it foretold of the future.

    Between 1964 and 1978 ISC acquired 21 separate companies, and with the exception of Central Hardware in 1966, all were apparel manufacturers or retailers. The acquired companies were given operating freedom, and some of these units went on to acquire additional firms in related areas of business, adding to the overall growth of ISC. The company was markedly successful in acquiring thriving firms with good product lines, and became a role model for other firms seeking to ensure profitability through acquisitions. In 1966 in keeping with its broader base as a diversified apparel maker, footwear manufacturer, retailer and department store operator, the International Shoe Company adopted the corporate name INTERCO.

    A new direction was begun in 1979 when INTERCO agreed to the acquisition of Ethan Allen Inc. for cash and stock totaling $130 million. Ethan Allen, begun in 1932 as a home-furnishings jobber, was a fully integrated manufacturer and retailer of furniture and accessories.

    A major addition to the footwear group was made with the acquisition in 1986 of Converse, a Massachusetts-based manufacturer of athletic footwear founded in 1908.The largest acquisition in furniture and home furnishings came in 1987 when INTERCO gained control of the Lane Company at a cost approaching $500 million. Lane, based in Altavista, Virginia, was founded in 1912 as a maker of cedar chests, and through growth and acquisition expanded into a full-line manufacturer of furniture in the medium-to-upper price ranges.

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