Name: New York Telephone Company
Brand: Ghosts of Wall Street
SKU: 982
Price: 25.0 USD
Availability: InStock

New York Telephone Company Bond Certificate

Only one piece available...
Inventory on the way

Product Details

Company	New York Telephone Company
Certificate Type	Refunding Mortgage Bond
Date Issued	October 1, 1960
Canceled	Yes
Printer	Security-Columbian Bank Note Company
Signatures	Hand signed
Approximate Size	10 1/4" (w) by 14" (h)
Product Images	Show the exact certificate you will receive
Authentic	Yes
Additional Details	NA

Historical Context

The Telephone Company of New York was formed under franchise in 1876. The principals were Charles A. Cheever and Hilborne Roosevelt. Its purpose was to rent telephone instruments to users, who were expected to provide wires to connect them, for example from factory to office. Such connections already existed for private telegraphs, and the new invention promised to save the cost of hiring a private telegraph operator. Manufacturers of steel wire for the Brooklyn Bridge then under construction were especially prominent among the customers under this scheme, using their own product.

Western Union subsidiaries, including Atlantic and Pacific Telegraph, Gold and Stock Telegraph, and American Speaking Telephone, based their New York City and San Francisco operations on the telephone exchange principle and thus were larger and more advanced than the local Bell operations. Under the November 1879 settlement of the Elisha Gray patent infringement lawsuit, Western Union handed over its telephone operations to National Bell Telephone, which then renamed itself American Bell Telephone. The merged local company was called the Metropolitan Telephone and Telegraph Company.

In 1896 the operations of Metropolitan Telephone and Telegraph Company and the Westchester Telephone Company (which served northern suburban areas, including parts of then-Westchester County which subsequently were incorporated into New York City as the Borough of The Bronx) were consolidated under the name of the New York Telephone Company.

The New York and New Jersey Telephone Company, a Bell licensee serving Long Island and Staten Island, was broken up and its New York properties merged with the New York company as the City and Suburban Telephone Company in 1897. American Telephone and Telegraph (AT&T) eventually acquired a controlling interest and restored the New York Telephone name.

New York Telephone was an AT&T subsidiary until the AT&T breakup effective January 1, 1984. At that time, New York Telephone, along with the New England Telephone & Telegraph Company, became part of a Regional Bell operating company named NYNEX. The company was referred to as "New York Telephone, a NYNEX Company" before being called simply "NYNEX" starting on January 1, 1994. On August 15, 1997, NYNEX was acquired by Bell Atlantic, who kept the Bell Atlantic name. On June 30, 2000, Bell Atlantic acquired GTE to form the current Verizon Communications.

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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!

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.

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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.

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Returns

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Any shipping charges collected on the original order are not eligible for a refund.