Archives International Auctions Auction 82 January 24th, 2023

Archives International Auctions - Sale 82 110 January 24, 2023 Archives International Auctions www.archivesinternational.com Scripophily - Aviation Delaware 553 553 Bendix Aviation Corp. ca. 1929-30s Specimen Stock Certificate Delaware, ca. 1929-30s. 100 Shares Specimen Stock Certificate, Black text with green border and underprint, Various means of transportation depicted at top center including Zeppelin, Mono-wing airplane, truck and Duisenberg type of limousine. Red specimen overprints, SC00000 S/N, and POCs. VF condition, Northern BN. The Bendix Aviation Corporation was a manufacturer of aircraft parts based from 1929 to 1960 in Los Angeles, California. ������������������������������������������������������������������������������������������������� Est. $120-200 554 554 Pan American World Airways, Inc. 1949 Unique Proof Mockup & Order Correspondence Group DE. 1949, Lot includes 4 pieces: 100 Shares Proof Mockup Stock Certificate, Green with pasted stock elements onto a cardstock back, VF condition; Stock Certificate Order Form with Die No. and Roll No.; 1949 Copy of a typewritten order for 135,000 certificates; 1949 Typewritten correspondence regarding the design and order of stock certificates. Unique group. Pan American World Airways, originally founded as Pan American Airways and commonly known as Pan Am, was the principal and largest international air carrier and unofficial flag carrier of the United States from 1927 until its collapse on December 4, 1991. ��������������������� Est. $140-250 Kansas 555 555 Cessna Aircraft Co., 1934 Specimen Stock Certificate. Kansas. <100 Shares Common Stock Specimen Certificate. Black print with a dark green border and under tint. Image at top of an allegorical female reclining, watching a zeppelin, airplane, locomotive, and a steam ship. POC’s, AU condition. NBNC. Cessna’s nephews, Dwane Wallace and his brother Dwight, bought the company from Cessna in 1934. They reopened it and began the process of building it into what would become a global success. The Cessna C-37 was introduced in 1937 as Cessna’s first seaplane when equipped with Edo floats. In 1940, Cessna received their largest order to date, when they signed a contract with the U.S. Army for 33 specially equipped Cessna T-50s. Later in 1940, the Royal Canadian Air Force placed an order for 180 T-50s. Facsimile signature of Duane Wallace as president. ����������������������������������������������������������������������������������� Est. $200-400 Scripophily - Banking, Finance & Insurance Colorado and California 556 556 Wells Fargo and Company, ca.1900 to 1910, Specimen Stock Certificate. Colorado, 1900-1910, <100 Shares, Specimen stock certificate. Black on orange border and underprint, “00000” serial numbers and POC’s. XF condition. Vignette of Native Americans viewing “Progress”. Rare financial certificate from this historic company. XF, ABNC. ���������������������������������������������������������������������������������� Est. $200-350 Delaware 557 557 Equity Funding Corp. of America, 1970-80’s Specimen Stock Certificate Historic Insurance Scandal and Fraud. Delaware, ND (1980-1990s). >100 Shares Specimen Stock Certificate, Black text with green border and underprint, Allegorical woman with wires and globe at top center. Red specimen overprints and POCs. VF condition, SCBN. Equity Funding Corporation of America was a Los Angeles-based U.S. financial conglomerate that marketed a package of mutual funds and life insurance to private individuals in the 1960s and 70s. It collapsed in scandal in 1973 after ex-employee Ronald Secrist and securities analyst Ray Dirks blew the whistle on massive accounting fraud, including a computer system dedicated exclusively to creating and maintaining fictitious insurance policies. Investigation found that from 1964 onward, as many as 100 company employees had engaged in organized deception of investors, auditors, reinsurers and regulatory authorities. The company created more than 60,000 bogus life insurance policies that it sold to reinsurance companies for a fee. In order to pay the premiums on the policies, Equity Funding created additional bogus policies that they would also sell. Sometimes they would claim the bogus policyholder died and then receive the death benefits from the reinsurance company. An important sidelight was the filing of insider trading charges against whistleblower Dirks. The ensuing case of Raymond L. Dirks v. Securities and Exchange Commission went all the way to the U.S. Supreme Court where Dirks was finally acquitted. The case has been termed historic in helping to define insider trading, as well as the treatment of whistleblowers, analysts and the press. ������������������������������������������������������������������� Est. $120-240