North American Edison,Temporary stock certificate,1925

Description

One Temporary certificate for shares   of " NORTH AMERICAN EDISON COMPANY "Incorporated in Delaware 1925.Very Good  condition (VG)
. Is hand signed by the Company's Vice President (Ferdinand Sherwood) and Assistant Treasurer and is over 76 years old. These were temporary certificates that were issued until the vignette certificates were ready to be issued.Canceled.Early power grid utility.
Printer: American Banknote Company .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
From the web:
...
Detroit Edison was part of a large holding company called North American Edison Company. North American's stock had once been one of the twelve component stocks of the May 1896 original Dow Jones Industrial Average.[1] North American Company was broken up by the Securities and Exchange Commission, following the United States Supreme Court decision of April 1, 1946.
After that Detroit Edison operated independently,.....
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North American Company
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. It owned public utilities and public transport companies and was broken up in 1955, largely to comply with the Public Utility Holding Company Act of 1935.
Its headquarters were at 60 Broadway in Manhattan.
Holdings
By 1940, North American was a US.3 billion holding company heading up a pyramid of by then 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:
, Decided April 1, 1946, FindLaw.com]
*
Union Electric Company
of
St. Louis, Missouri
[
Standard & Poor's Stock Guide, formerly
nyse2|UEP
, now part of Ameren Corp.
nyse2|AEE
]
*
Washington Railway and Electric Company
*
North American Light and Power Company
Four of the ten direct subsidiaries were operating companies:
*
Cleveland Electric Illuminating Company
[
Standard & Poor's Stock Guide, formerly
nyse2|CVX
, then merged with Toledo Edison (formerly
nyse2|TED
) to form holding company Centerior Energy (formerly
nyse2|CX
), then merged with Ohio Edison Company (formerly
nyse2|OEC
) to form holding company FirstEnergy Corporation
nyse2|FE
]
*
Pacific Gas and Electric
[
Standard & Poor's Stock Guide,
nyse2|PCG
]
*
Detroit Edison Company
[
Standard & Poor's Stock Guide, formerly
nyse2|DTE
, then moved to holding company DTE Energy, same ticker
]
*
Wisconsin Electric Power Company
[
Standard & Poor's Stock Guide, formerly
nyse2|WPC
, then moved to holding company Wisconsin Energy Corp. (formerly
nyse2|WEC
), then merged with Northern States Power (formerly
nyse2|NSP
) to form holding company Primergy Corp.
]
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:
*
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
*
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.
cite journal
*
Potomac Electric Power Company
[
Standard & Poor's Stock Guide, formerly
nyse2|POM
, then merged with Baltimore Gas and Electric (formerly
]
*
Cincinnati Gas & Electric Company
[
Standard & Poor's Stock Guide,
nyse2|CIN
, then moved to holding company CINergy Corp., same ticker
]
*
Union Light, Heat and Power
of
Covington, Kentucky
*
Northern Natural Gas Company
*Butte Electric and Power Company
*
Laclede Gas Company
[
, 1857-2007; Standard & Poor's Stock Guide, (
nyse2|LG
) became a wholly-owned subsidiary of The Laclede Group, Inc., same ticker. Along with North American, the Laclede Gas Light Company was also one of the original 12 stocks in the Dow Industrial Average.
]
*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
.
Dow Jones Industrial Average
North American's stock was one of the twelve component stocks of the May 1896 original
Dow Jones Industrial A
] 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
ee also
*
John I. Beggs