Humboldt Lumber Manufacturing Company Stock

Currency:USD Category:Western Americana Start Price:200.00 USD Estimated At:400.00 - 500.00 USD
Humboldt Lumber Manufacturing Company Stock
300.00USDto t********f+ (75.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2018 Oct 22 @ 08:31UTC-7 : PDT/MST
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Extra Rare. Although unissued, this certificate has one of the best all time vignettes and is a very early California piece. The company was incorporated in 1854. Top center shows clipper ships at port next to a factory of sorts. Entire left side show steam ships and Clipper ships at sea! BF Butler was the Lithographer. Some staining on right and dog ear lower left. In September 1854, the beginning of a continued effort by the timber industry to regulate output and control prices started when nine of the largest mill owners on the bay united to form Humboldt Lumber Manufacturing Company (HLMC). It was expressly forbidden by the 1850 California Act of Incorporation “for [a] company to use any of their funds in the purchase of any stock in any other corporation,” for fear that it would limit consumer choice and drive up prices. Not long after it was formed, the conglomerate company ran into financial trouble with the depression of 1854. The HLMC shut down in 1855 when it could no longer make a profit in the slumping economy and became overwhelmed with debt. [Corporations and resistance in the redwood Empire by Emenaker] Prag Collection City: Eureka, Humboldt County State: California Date: c1854 HWAC# 79718