BOSTON WATER POWER COMPANY Stock 1906. Massachusetts. Founded 1832. ABNC

Description

Boston Water Power Company
. Stock issued on February 19,
1906. Incorporated in 1852 in the State of Massachusetts
. Company seal lower center. Certificate No. 2624 was issued to David P. Coffin for 25 shares of capital stock.
“Reissue of 1891”
printed in underprint across center. Company issued 94,416 shares. Original ink signatures of company president C. A. Campbell and treasurer. Certificate is about 7” x 10”. Dark-brown print and overprint/underprint on cream-colored paper.
Vignette with Massachusetts state seal.
Early History
– By the early 1800s Boston had grown to considerable size and the city began to look for a way to power the many gristmills in the city. They settled on plans to build a series of dams in the Back Bay to be used as tide mills. Two of these where the "Cross Dam" and the "Mill Dam". The Boston Water Power Company, originally incorporated in 1832, was formed to distribute the power from to the mills. The company acquired land in the area and operated a number of mills, but heavy railroad construction in the same region limited the water flow at the dams and the primary business of selling power was limited. By 1852, when the company re-incorporated, the company was more successful in operating the business of supplying water and power by filling Boston's Back Bay.
Condition:  Very Fine
, vertical folds and creasing, no tears, minor signs of wear/handling/toning (see photos), Uncancelled.
Printer:
American Bank Note Company, New York & Boston.
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