- In stock
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Special Stock, Class AA Accumulating Convertible
January 21, 1971
American Bank Note Company
12" (w) x 8" (h)
Show the exact certificate you will receive
In 1947 James J. Ling formed the Ling Electric Company, a Dallas-based electrical construction and engineering company, with an initial investment of $2,000.
Nine years later, Ling Electric merged with L.M. Electronics of California to form Ling Electronics. In 1959, Ling Electronics merged with Altec Inc. (manufacturer of commercial sound systems) to become Ling-Altec Electronics Inc. The next year, Ling-Altec Electronics merged with Dallas-based Temco Electronics and Missile Company to become Ling-Temco Electronics Inc.
In 1961, Ling-Temco Electronics merged with Chance Vought Aircraft of Dallas (the nation's second oldest continuous producer of military aircraft, founded in 1917) and the name of the company was changed to Ling-Temco-Vought Inc.
In 1965, Ling-Temco-Vought acquired the Okonite Company (wire and cable), and two years later acquired Wilson & Company (foods, sporting goods, pharmaceuticals and chemicals).
The acquisition spree continued in 1968 when Ling-Temco-Vought acquired Greatamerica Corporation (parent of Braniff International and National Car Rental) and also purchased majority interest in Jones & Laughlin Steel Corporation of Pittsburgh. The J&L acquisition prompted a federal antitrust investigation and lawsuit.
In 1972 , the company changed its direction, management philosophy and name. Ling-Temco-Vought, the holding company, became the LTV Corporation, an operating company directly involved with its subsidiaries.
LTV's Vought division was subcontracted to manufacture tail sections for a number of aircraft, including Boeing's 747 and McDonnell Douglas's DC-10 and KC-10. Vought also manufactured the A-7 Corsair II fighter and the S-3A antisubmarine airplane. In the mid-1970s, however, Vought's ability to generate a consistent profit was undermined by the Pentagon when it eliminated Vought from several lucrative defense contracts. Vought then attempted to enter civilian markets when it engineered a $34 million "Airtrans" ground transportation system for the Dallas/Ft. Worth Airport. The project was mired in controversy from its inception and a series of problems led Vought to declare a $22.6 million loss on the project. Subsequent orders for the A-7 from the Defense department and the governments of Greece and Pakistan, as well as a contract to produce Lance surface-to-surface missiles, helped to keep Vought in business.
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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.
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.
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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.
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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.
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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.