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The Brown Wire Gun Company Stock Certs (2) [129756]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Industrial Start Price:100.00 USD Estimated At:200.00 - 300.00 USD
The Brown Wire Gun Company Stock Certs (2)  [129756]
SOLD
140.00USD+ (35.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2021 May 13 @ 14:23UTC-7 : PDT/MST
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This is a pair of stock certificates, both issued to Oliver Gildersleeve, one for 2,000 shares, the other, 4,999 shares at $10 per. It is signed by treasurer M. Porter and Gildersleeve, the president of the company.
Both are canceled in 1913. An unknown portrait is on the top of the certificate.
The Brown 10-inch segmental-tube wire-wound gun.—This gun was built under an allotment of $33,000 made by the Board September 15, 1896. Its test was begun in February, 1901, and in the two years following it was fired a total of 24 rounds, mishaps of various kinds necessitating its removal from the proving ground for repairs. The last round fired from the gun was on October 28, 1903, following which permission was granted to the Brown Wire Gun Company to remove the gun for alteration of the breech mechanism, which had operated in an unsatisfactory manner throughout the test. The gun was taken to the shops in Beading in January, 1905, that the desired changes might be made.
Please see photos for more detail and condition.

Date: 1903
Country (if not USA):
State: New York
City: New York City
Provenance: Ken Prag Collection