Intricately engraved antique stock certificate from the U. S. Automatic Loom Attachment Co. dating back to the early 1900's. This document, which is signed by the company President and Secretary, was printed by Goes and measures approximately 11" (w) by 8 1/4" (h).
This certificate features a nice vignette of a woman at a loom. The certificate also has underprint of a beehive at the bottom center.
The U. S. Automatic Loom Attachment Co. was incorporated in Arizona in 1906, and was based in offices on Fifth Avenue in Chicago.
The company patented a device that promised to improve efficiency and reduce waste. An ad for the company stated the following:
Our invention consists of an automatic device which can be attached to any form of loom at a cost not exceeding fifteen to twenty dollars. It is the greatest labor saving device ever known. It not only saves labor, it also saves the waste material that today is used for cleaning machinery; statistics prove that this waste is about 20 per cent and worth from 4 to 6 cents per pound, when in the cloth it is worth from three to five times as much. Today one girl runs from 2 to 6 looms; with our attachment placed on the looms, one girl can run twenty-five just as easy as she can run six.
The new attachment makes a better fabric because it reduces to a minimum the strain upon the thread woven.
It requires only one-third of the power necessary to run a shuttle.
It saves one-fifth of every work day, thus saving two hours in every ten, which is now lost on account of stops, etc.
It saves so much in labor that one person can do the work of ten.
It saves thousands of tons of material which annually goes to waste.