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Agnew Automailing Machine Co. Stock 1903 [173387]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Industrial Start Price:10.00 USD Estimated At:100.00 - 200.00 USD
Agnew Automailing Machine Co. Stock 1903 [173387]
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Incorp. 1902 State of Maine. #2203, I/U, for One share capital stock @ $25 ea. to George K. Hinds Dec 1, 1903. Signed by G.L. Richard pres. and Albert H. Dennis treas. Orange border w/black print. "SHARES $25 EACH" in orange underprint. Vignette bottom center of Agnew mailing machine, embossed corp.. seal bottom left. Punch hole right side indicating one share. Upper corners " CERTIFICATE FOR LESS THAN 100 SHARES: American Bank Note Co. printer. V.F. cond.
Invented by Lee A. Agnew of New York 1901, received two patents: 1902 and 1905.. The Agnew machine folds, wraps, addresses and sorts any type of publication. Lee made claims that the machine operator could replace 18-100 individuals. No documents have ever been produced that shows the machine works or was ever produced and the company went into receivership. Maine Ken Prag Collection