Archives International Auctions Auction 89 Part 2 November 21, 2023

Archives International Auctions - Sale 89 part 2 104 November 21, 2023 Archives International Auctions www.archivesinternational.com Scripophily - Miscellaneous Pennsylvania, New Jersey & Washington, D.C. 573 573 Pennsylvania, New Jersey & Washington, D.C., Banking & Insurance Related StockCertificates and Farmer’sAlmanac, 1865- 1901 Washington D.C....., Pennsylvania, New Jersey, 1865-1901. Assortment of I/C Stock Certificates, Includes: Mutual Benefit Life Insurance Co.; Central National Bank; Fidelity Insurance Trust and Safe Deposit Co.; and Manufacturers National Bank. Lot also includes an Old Farmer’s Almanac from 1901. Items range from Fine-VF condition. (5). Sold “AS IS” no returns accepted. ����������������������������������������������������������������������� Est. $50-100 Scripophily - Navigation & Shipping New Jersey 574 574 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 Scripophily - Oil, Gas & Energy California, Nevada, Ohio, Canada, United Kingdom 575 575 Oil and Energy Assortment of I/U and I/C Certificates, ca.1910- 57 California....., Nevada, Ohio, Canada, United Kingdom, ca.1910-57. Lot of 20 Certificates, Includes: Woodley Petroleum Co. (3) Unissued Certificates; Richfield Oil Co. of California (3), I/C Bonds; Trans Empire Oils Ltd., (5), I/C Stock Certificates; Hemisphere Oil Corp., (2), I/U Bonds; Kochensparger Oil Co., I/C Stock Certificate; Rodez Coal Co. Ltd., (6), I/U Bonds. Items range from VF to VF+ condition. (20). Sold “AS IS” no returns accepted. ���������������������������������������������������������������������������������������� Est. $45-90 New York 576 576 Empire City Petroleum Company of the City of New York, 1865, I/U Stock Certificate New York, January 31, 1865. 300 Shares I/U Capital Stock Certificate, S/N 485, Black text with black border, Arms of New York city at top center, Oil wells and storage tanks at lower left. Fine condition with toning , L.B. Van Kleeck, Stationer. Company was listed on the New York Petroleum Board. First time seen by us. ��������������������������������������������������������������������������������������������������������������������������������� Est. $140-280