Remington Phonograph Company (Signed by Philo E. Remington)
Beautifully engraved antique stock certificate from the Remington Phonograph Company dating back to the 1920's. This document, which is signed by the company President (Philo E. Remington) and Treasurer, was printed by the Security Bank Note Company, and measures approximately 11 1/2" (w) by 8" (h).
The vignette features an eagle on a crag.
You will receive the exact certificate pictured.
Philo E. Remington had numerous, dubious automobile ventures under his belt when he became enamored with the phonograph record. His next firm, the Remington Phonograph Company, organized in July of 1920, actually produced a handful of operatic titles under the Reminola and Olympic labels from its factory and recording studio in Long Island City, New York.
But, as in the case of previous businesses, Philo failed to take into account the overwhelming competition, and the firm was bankrupt within the year and subsequently reorganized as the Remington Radio Corporation in June of 1922.
This firm also quickly failed, Shortly thereafter, Remington and his officers and directors were indicted for conspiracy to use the mails to defraud in relation to sale of Remington Phonograph Company stock. Evidence suggested that to one degree or another fraud played a part in the formation of all of his earlier automotive enterprises although this time he was caught red-handed. After almost two years of litigation, the case abruptly ended on June 14, 1924 when a Federal judge ruled that the indictment against the men was faulty.
Philo E. Remington
Philo E. Remington's Signature
Philo E. Remington (1869 - 1937) was the wealthy grandson of Eliphalet Remington, founder of the world-renowned Remington Arms Company of Ilion, New York.
Hewas involved in a number of failed early automobile manufacturers prior to the First World War, the self-named Remington amongst them.