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The Lake Submarine Company - Signed By Simon Lake As President

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:85.00 USD Estimated At:145.00 - 175.00 USD
The Lake Submarine Company - Signed By Simon Lake As President
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1899, New Jersey. Stock certificate for 12 shares of the Lake Submarine Company signed as president by Simon Lake. (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 with green overlay and green seal. Vignette at top center of eagle with spread wings. Pen and punch cancelled. Very fine.