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Smith Brothers, Inc. Employees Certificate (106301)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:25.00 USD Estimated At:50.00 - 80.00 USD
Smith Brothers, Inc. Employees Certificate   (106301)
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1 share Smith Brothers (cough drops) Employee stock certificate # 1527 issued to Madelon Heisman on October 9, 1941. Inc. under the laws of Delaware. Green border with raised beige company seal. Vignette of eagle in top center of certificate and bearded portrait of the Smith Brothers on box of cough drops in middle left of certificate. Signed by M.M. Smith, president and R. L. Smith, secretary. Employee certificates notes that 50 weeks of service was performed and rewarded with $50 certificate. James Smith, founder, emigrated from Fife, Scotland to Canada in 1831, Eventually moving to the U.S. He opened a New York City candy store named James Smith & Sons Sweet Shop. In 1847 he bought a recipe for cough drops from Sly Hawkins. He changed formula to add candy flavors. Advertising brought in business and it became popular. James Smith died in 1866 and his sons William and Andrew took over and continued to grow their business. To protect their brand they changed and trademarked the box having pictures of them with their beards. Andrew Smith died in 1895. William was company president until his death in 1913. He was succeeded by his son, Arthur. He added menthol drops in 1922 , cough syrup in 1926 and wild cherry drops 1948. He had 2 sons, William and Robert, who became 4th generation to run the company. It is possibly they were the signatures on this Employee Certificate ( M. M. Smith, president and R. L. Smith, secretary).

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