Submarine Boat Corporation (Electric Boat)
Submarine Boat Corporation (Electric Boat)
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Beautifully engraved antique stock certificate from the Submarine Boat Corporation dating back to the 1920's. This document, which is signed by the company President and Assistant Treasurer, was printed by the American Bank Note Company and measures approximately 11 1/2" (w) by 7 1/2" (h).
This certificate's vignette features a submarine on open waters.
John Holland founded the Electric Boat Company in 1899 to build submarines. After Hollands death in 1914, Electric Boat reorganized and the name was changed to Submarine Boat Corporation.
With the likelihood of the United States becoming involved in World War I in 1917, the Submarine Boat Corporation decided to commit its resources to building disposable cargo vessels instead of submarines, and leased a large shipyard in Newark, New Jersey (Newark Bay) to build at least 30 ships. The company soon realized the decision to build cargo vessels instead of submarines was a mistake, but the war ended before they could complete setting up for submarine production.
This costly mistake nearly bankrupted the company, and after another reorganization in 1923, the name of the company was changed back to the Electric Boat Company, with headquarters in Groton, Connecticut.
The Submarine Boat Corp. continued in business for some years thereafter. While it made money during the War, it made a permanent dive into the sea of losses in 1925. In 1929 Submarine Boat, still submerged in losses, crashed into a receivership. The Transmarine Line was a subsidiary of Submarine Boat Corp. which emerged from this wreckage. It operated 22 freight vessels in the well-served intercoastal route, though they were withdrawn from service in 1928 and anchored at Port Newark. In July 1931 they were sold into the fold of the big Dollar Line fleet for $400,000.
In January 1923, the Newton Amusement Corporation awarded a construction contract for a stadium-type theater, capable of seating 1,000 people, to William Houghton. It was designed in "Colonial Style" by Reilly & Hall of New York. Load-bearing columns, consisting of 50 tons of steel supplied by the Submarine Boat Corporation of Newark, made the building of "the safest type known to modern engineering science."
Today, the company is known as the General Dynamics Corporation.
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.
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.
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.
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.