The North American Company ,Share certificate 189X,

Description

One bearer share certificate of  "The North American Company"  189X New York ,100 shares certificate .Cancellation holes at lower area of the document.Condition (opinion) : Very Fine (VF)
.
Certificate measures: 29 cm x 18,5cm ,the vice president  hand signature .Printer:Franklin Bank Note Company ,NY.
The North American Company, was a large public-utility-holding company headed by New York City financier Charles W. Wetmore
See below for related information from the web.
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Banknote Grading
UNC
AU
EF
VF
F
VG
G
Fair
Poor
Uncirculated
About Uncirculated
Extremely Fine
Very Fine
Fine
Very Good
Good
Fair
Poor
Edges
no counting marks
light counting folds OR...
light counting folds
corners are not fully rounded
much handling on edges
rounded edges
Folds
no folds
...OR one light fold through center
max. three light folds or one strong crease
several horizontal and vertical folds
many folds and creases
Paper
color
paper is clean with bright colors
paper may have minimal dirt or some color smudging, but still crisp
paper is not excessively dirty, but may have some softness
paper may be dirty, discolored or stained
very dirty, discolored and with some writing
very dirty, discolorated, with writing and some obscured portions
very dirty, discolored, with writing and obscured portions
Tears
no tears
no tears into the border
minor tears in the border, but out of design
tears into the design
Holes
no holes
no center hole, but staple hole usual
center hole and staple hole
Integrity
no pieces missing
no large pieces missing
piece missing
piece missing or tape holding pieces together
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See below for related information from the web:
This article is about the utility holding company broken up by the SEC in 1946. For other entities similarly named, see North American (disambiguation).
Share of the North American Company, issued 9. February 1892
The North American Company was a holding company incorporated in New Jersey on June 14, 1890, and controlled by Henry Villard, to succeed to the assets and property of the Oregon and Transcontinental Company.[1][2] It owned public utilities and public transport companies and was broken up in 1946, largely to comply with the Public Utility Holding Company Act of 1935.
Its headquarters were at 60 Broadway in Manhattan.
Holdings
In 1889 New Jersey passed legislation to facilitate the control of other companies by another corporation with a goal of encouraging trusts to convert into holding companies and relocate to that state.[3] To take advantage of these expanded corporate powers, in 1890 Oregon and Transcontinental, which was an Oregon corporation, re-incorporated as a holding company in New Jersey and became the North American Company.[3]
By 1940, North American was a US.3 billion holding company directly and indirectly heading up 80 companies. It controlled ten major direct subsidiaries in eight of which it owned at least 79%. Three of the ten were major holding companies:[4]
Union Electric Company of St. Louis, Missouri[5]
Washington Railway and Electric Company
North American Light and Power Company
Four of the ten direct subsidiaries were operating companies:
Cleveland Electric Illuminating Company[6]
Pacific Gas and Electric[7]
Detroit Edison Company[8]
Wisconsin Electric Power Company[9][10]
The remaining three of the ten direct subsidiaries were:
North American Utility Securities Corporation
West Kentucky Coal Company
60 Broadway Building Corporation
At various times during its existence, North American also owned substantial interests in these other companies as well:
The Milwaukee Electric Railway and Light Company: Formed in 1896 as a subsidiary of the North American Company. By 1929, it operated within North American Company along with Wisconsin Electric Power Company, which became the consolidated name of the two operating companies in 1938. It now belongs to Wisconsin Energy Corporation (NYSE: WEC)[10]
Capital Transit: Formed on December 1, 1933 in Washington, D.C. from merger of Washington Railway, Capital Traction, and Washington Rapid Transit. North American owned it through its holding company subsidiary, Washington Railway and Electric Company, which in turn was the holding company for the merged lines, owning 50% of Capital Transit.[11]
North American Edison logo.png
Potomac Electric Power Company[12]
Cincinnati Gas & Electric Company[13]
Union Light, Heat and Power of Covington, Kentucky
Northern Natural Gas Company
Butte Electric and Power Company
Laclede Gas Company[14]
Edison Securities Corporation
Wired Radio, Inc. (Muzak)
North American Edison Company
North American Company was broken up by the Securities and Exchange Commission, following the United States Supreme Court decision of April 1, 1946.[4]
Dow Jones Industrial Average
Oregon and Transcontinental stock owned by Henry Villard
North American's stock was one of the twelve component stocks of the May 1896 original Dow Jones Industrial Average,[15] but it was replaced later that same year. In 1928, when the number of stocks comprising the DJIA was increased to 30, North American was re-added to the list but was replaced again in 1930. The two periods when it was a component were:
May 26, 1896 – August 26, 1896, replaced by U. S. Cordage
October 1, 1928 – January 29, 1930, replaced by Johns-Manville