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Lake Torpedo Boat-signed By Simon Lake As Vice President

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:75.00 USD Estimated At:125.00 - 135.00 USD
Lake Torpedo Boat-signed By Simon Lake As Vice President
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1917, Maine. Stock certificate for 20 shares of the Lake Torpedo Boat Company signed by Simon Lake, as Vice 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. Black/Gray/Gold with gold seal. Vignette of eagle with spread wings at top center. Stamp cancelled. Very fine.