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Lake Submarine Salvage

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:125.00 USD Estimated At:200.00 - 250.00 USD
Lake Submarine Salvage
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1935, Nevada. Stock certificate for 5 shares of the Lake Submarine Salvage Corporation signed by Simon Lake as President. (1866 - 1945). Inventor, Submarine pioneer. Beginning in the early 1890&#39s, and continuing for over 40 years, Lake built a succession of submarines through which he developed some portion of the submarine technology in use today. He is generally credited with developing the first workable periscope, and pioneering the use of hydroplanes fore and aft to achieve submergence while maintaining an even keel. His contributions to the navy and the marine industry were widespread, and his inventive genius places him among the important naval architects in American history. His submarine business ventures were never terribly successful, however, and he died a poor man. Green/Black. Vignette of two male allegorical figures surrounded by machinery and buildings in the background.