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3M - Minnesota, Mining And Manufacturing Stock Signed By Two Founders

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:180.00 USD Estimated At:300.00 - 325.00 USD
3M - Minnesota, Mining And Manufacturing Stock Signed By Two Founders
Stock certificates from the United States and other countries around the world. Items offered cover a wide variety of collecting topics including automotive, railroads, mining, autographed and much more.
1903, Minnesota. Stock certificate for 6455 shares. GreenBlack. View of mountains with a smelting operation at center flanked by smaller views of miners at work in upper corners. Litho. If ever there existed a great American Corporation that should have failed in its early years, 3M is certainly it. Founded in 1902 by five Minnesota businessmen in the small town of Two Harbors, the company was formed to mine corundum, an ideal mineral for making sandpaper and grinding wheels. As mining and product sales were underway, the mineral turned out to be a lower quality mineral, causing poor product quality and sales. On the brink of failure, the company founders closed their mine, moved the company to Duluth, Minnesota and began the manufacture of sandpaper with abrasive materials purchased from outside sources. This certificate is signed by two of the company's founders, HENRY S. BRYAN, the first president of the company who had been involved in the railroad business, and JOHN DWAN, first secretary of the company and a local attorney. A superb early certificate signed by two founders of one of America's most dynamic corporations. Stamp cancellation not affecting signatures. Extremely Fine.