East Canada Power & Pulp 5 share certificate of 1910

Description

One  share certificate  of 5 shares  of 0 each of The
East Canada Power and Pulp Co.Ltd
,Murray Bay ,(Quebec) Dominion of Canadá 1910 .Condition (opinion):Fine
(F)  .One tear (3mm) at left edge.2 hand signatures ,uncancelled document.Priter National Banknote Co Phila.All 20 dividend coupons remain uncut.
The East canada Power and Pulp Company operated a power plant as well as a pulp and paper factory along the Malbaie River,Quebec.It was also the main supplier of electric power to the city of Murray Bay.Founders Rodolphe Forget.This is
one shares certificate only
representing 5 shares ( of 0 each) .Fail in1912 .In liquidation from dec.18th 1912.
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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
See some information from the web:
East Canada Power Pulp Company. - Google News
news.google.com/newspapers?nid...dat... - Traducir esta página
The company failed to muot Its bond Interest when the last payment fell duo on September 1st Inst.1912 At tho expiration of tho usual three months period on ...
It's been called the best-managed company in the business. Despite the industry's recent troubled times, it has been able to post some handsome profits. It's just made several acquisitions that have boosted it to the rank of Number 4 among the world's newsprint producers with an annual capacity of 2.5 million tonnes (t). It also owns 17 sawmills and one market pulp mill in Quebec -- St. Felicien. (The Matane, QC, BCTMP mill has just been sold to Tembec.) And, according to Donohue president and ceo Michel Desbiens, the ride is not over yet.
Starting with mills in Clermont and Amos (which itself only opened in 1982), the company has grown spectacularly in the last five years. The original pulp mill in Clermont was built in 1909 under the East Canada Power and Pulp Co., which went bust in 1913. The mill was taken over by Donohue Brothers Reg'd and the company name was changed to Nairn Falls Pulp and Paper Company. The present company took over in 1920 but leased the mill to Mead Investments and later to Murray Bay Paper Co. Ltd. The paper mill was completed in 1929. In 1933 Donohue again took over.
Most recently, Donohue made the headlines in 1996 with the purchase of the QUNO assets from The Tribune Co. in Chicago. This included the newsprint mills in Thorold, ON, and Baie Comeau, QC.
In 1998, it made a big move south purchasing two newsprint mills in Texas -- Lufkin and Sheldon -- from Champion International for US0 million. Earlier this year, it acquired full ownership of Finlay Forest Industries (a newsprint mill and two sawmills, based in Mackenzie, BC) by buying Slocan Forest Products' 50.1% interest. Donohue had held 49.9% of the company since 1994.
[History
Around 1800, the first settlers moved into the area, living primarily of agriculture. Followed by a saw and flour mill, tradeshops, and stores, a settlement grew that was then known as Chute Nairne. At the close of the century, the place attracted attention for its hydro-electric potential, and by 1900, a dam was built across the Malbaie River, supplying electricity to La Malbaie and surrounding area.[3]
In 1909, Rodolphe Forget founded the East Canada Power and Pulp Company, and wanting to profit from the phenomenal growth in the pulp and paper market, he built Chute Nairne's first paper mill in 1911. The industrial development changed the place from a rural and agricultural society to a rapidly growing urban community.[3]
Félix-Antoine Savard, famous Quebecois author and at that time priest of the Parish of Saint-Étienne in La Malbaie, was also responsible for Chute Nairne. His parishioners there were upset about being left a bit to themselves and about being far away from the parish church. Savard, at the request of residents of Chute Nairne, petitioned the bishop of Chicoutimi, Charles Lamarche, to obtain permission for a new parish and church. The request was accepted on September 18, 1931, and the Parish of Saint-Philippe-de-la-Chute-Nairn was formed.[3]
On February 16, 1935, the place separated from La Malbaie and was incorporated as a municipality, officially adopting the name Clermont for the new municipality. Félix-Antoine Savard greatly admired and paid tribute to Blaise Pascal who came from Clermont-Ferrand in France.[3][4]
In 1949, Clermont changed its status to village and in 1967 to town.[4]