Archives International Auctions Auction 82 January 24th, 2023

Archives International Auctions - Sale 82 128 January 24, 2023 Archives International Auctions www.archivesinternational.com Maine & Ohio 638 638 Maine &Ohio, Steamship StockCertificate Pair, 1896-1907 Maine & Ohio, 2 pieces: Ocean Power Propeller Co., 1896 5 Shares I/U Capital Stock Certificate, S/N 199, in gray and brown; Lackawanna Steamship Co., 1907 Odd Shares Specimen Capital Stock Certificate in green. Both are in Fine-VF condition. (2) �� Est. $100-200 New Jersey 639 639 International Mercantile Marine Co., 1916 Historic Specimen Bond from J.P. Morgan Controlled Company. New Jersey, 1916. $5000 Specimen 6% Registered First Mortgage and Collateral Trust Sinking Fund Gold Bond, Black text with olive border and underprint, Ships in port at top center. Red specimen overprints, 00000 serial numbers, and POCs. Fine-VF condition, ABNC. The International Mercantile Marine Company, originally the International Navigation Company, was a trust formed in the early twentieth century as an attempt by J.P. Morgan to monopolize the shipping trade. IMM was founded by shipping magnates Clement Griscom of the American Line and Red Star Line, Bernard N. Baker of the Atlantic Transport Line, J. Bruce Ismay of the White Star Line, and John Ellerman of the Leyland Line. The Dominion Line was also amalgamated. The project was bankrolled by J.P. Morgan & Co., led by financier J. P. Morgan. The company also had working profit- sharing relationships with the German Hamburg-Amerika and the North German Lloyd lines. The trust caused great concern in the British shipping industry and led directly to the British government’s subsidy of the Cunard Line’s new ships RMS Lusitania and RMS Mauretania in an effort to compete. One of IMM’s subsidiaries was the White Star Line, which owned the RMS Titanic. Analysis of financial records shows that IMM was overleveraged and suffered from inadequate cash flow that caused it to default on bond interest payments in late 1914. As a result, a “friendly” receivership was put in effect in 1915, which allowed IMM to reorganize its finances; it emerged from the receivership in 1916. This is a specimen example from that bond issue and is extremely rare and not known issued. �� Est. $130-260 640 640 Long Dock Co., 1872 I/U Stock Certificate. New Jersey (offices in New York), 5 Shares, I/U Stock Certificate, sailor with sextant at middle and dock with harbor at left, small steamship at bottommiddle. VF condition. (Ex. John E. Herzog Collection) �� Est. $130-260 New York 641 641 Arrow Steamship Co., 1889 I/U Stock Certificate. New York, 1889, I/U, 50 Shares at $10 per share, Hand written title on generic stock certificate form, VG to Fine with edge faults , small tears and toning, gold seal, Text on left states that certificate will be exchanged for engraved certificate. This certificate was discovered in 1982 and is considered unique. �� Est. $110-220 642 642 NewYork Shipbuilding Corp., 1916 Specimen Bond New York. $1000 Specimen 5% 1st Mortgage Sinking Fund Gold Coupon Bond, Black print on large green border and under tint, Image of two allegorical female figures sitting besides framed company logo, holding aloft model ships, Specimen overprints, POC’s, VF-Xu condition, ABNC. The New York Shipbuilding Corporation was an American shipbuilding company that operated from 1899 to 1968, ultimately completing more than 500 vessels for the U.S. Navy, the United States Merchant Marine, the United States Coast Guard, and other maritime concerns. At its peak during World War II, NYSB was the one of the largest and most productive shipyards in the world. Its best-known vessels include the destroyer USS Reuben James (DD-245), the cruiser USS Indianapolis (CA-35), the aircraft carrier USS Kitty Hawk (CV-63), the nuclear-powered cargo ship NS Savannah, and a quartet of cargo-passenger liners nicknamed the Four Aces. �� Est. $100-200