Stamp Community Family of Web Sites
Stamp Community Forum
Username:
Password:
Save Password
Forgot your Password?

Welcome Guest! Need help? Got a question? Inherit some stamps?
Our stamp forum is completely free! Register Now!

1942 Reynolds & Co., New York - Stock Transfer Stamp Ticket  
 

 
To participate in the forum you must log in or register.
Author Previous Topic Topic Next Topic  
Pillar Of The Community
USA
2863 Posts
Posted 02/02/2008   10:59 am  Show Profile Bookmark this topic Add t360 to your friends list  Get a Link to this Message
Here is an example of how the stock transfer stamps of 1940-1952 (popularly referred to as the "Greens") were used on
"stamp tickets" to document the sale of stock and to show that the proper taxes on the transaction had been paid.



This "stamp ticket" shows that 15 shares of U.S. Steel were sold on May 19, 1942 to Carlisle at $46 per share for a total of $690.
Seems like a wise investment decision at the time (shortly after the Japanese attack on Pearl Harbor)
with the demand for steel bound to increase during the War.

The New York State tax on the sale was 60c and the federal tax was 90c.

The NY state tax was paid using two State revenue stamps:



a 20c stamp tied by a "Reynolds & Co." blue cancellation,



and a 40c stamp, also tied by a blue cancellation.

These State Revenue stamps both feature the New York State Seal in their design,




which has the goddess "Liberty", the goddess "Justice" and a shield between them showing the Hudson Highland and sail boats on the Hudson River.
Under the shield is New York's state motto "Excelsior", which translated from Latin means "ever upwards."

The federal tax was paid using two green stock transfer stamps.



The 10c stamp (Scott #RD121, overprinted "Series 1942") has a portrait of William H. Crawford,

a prominent politician who was Secretary of the Treasury in President Monroe's cabinet from 1816 to 1825.



The 80c stamp (Scott #RD103, overprinted "Series 1941") features the portrait of another Secretary of the Treasury, Roger Brooke Taney.

However Roger Taney is remembered as the highly controversial Chief Justice of the Supreme Court which handed down the decision in the Dred Scott case,
which enraged the anti-Slavery politicians such as Abraham Lincoln and further divided the nation in the period leading up to the Civil War.

Each of these stamps has little holes punched in it in some sort of pattern.
These holes are not cancellations; they do not go through the stamps and into paper, because the stamps were punched before they were affixed to the paper.
These holes are called perfins - short for "perforated initials" - and they served as a security measure to prevent the pilfering of stamps by employees.



The perfin is inverted on the stamps to make it less noticeable. See how the holes form the letters "R & C0" for "Reynolds and Co."

So you can see why this stock transfer stamp ticket is a favorite of mine.
It is loaded with interesting stamps which tell a lot about American history.
Best of all it only cost me a few dollars.
Send note to Staff

  Previous Topic Topic Next Topic  
 
To participate in the forum you must log in or register.
United States Postal Service, Now on eBay!United States Postal Service, Now on eBay!
New Forum TopicsRecently Active Forum Topics
  Keep getting this error message when trying to post on SCF
  Last one. Is this a stamp or a cinderella?
  What kind of a stamp is this?
  I'm going to attempt to post some pictures for help with value
  Official Seal Intact on Cover
  Can you help me identify where this stamp is from?
  Ecuador to NYC Air Mail Cover - Circa 1939 - For Those Who Like ENGRAVED Stamps
  Scott 1431b... 8c Antarctic Treaty
  1958 Taiwan Locomotive stamp
  US Plate Block books options
  Some More Turkey for ID
  Distinctive Shades of the d Wallaroo
  USPS Stamp app questions
  Why do these Easter post cards have 2 different dates on their cancellations?
  Steedman's Soothing Powders stamp
  What Stamp Products Do You Wish Were Manufactured -- or Brought Back?
  Papua New Guinea 1953 Coronation flight cover
  Cancellations PAID (1884), TRIP (1899) and Niagara Falls
  Malaya Tigers Scott-SG Cross Reference
  Turkey Sc#77 Postmark or Overprint?
  Would like to review these 2 George Washington stamps design A140 with community
  Question - Interpreting Scott Specialized
  France 1c Scott #86 vs #87
  Question about high denomiated revenue stamps, EG R687
  Please Help to Identify Japanese Postmarks on Telegram Forms 1890's"

  Herd of Cattle? Bulls, Cows and Calves on Stamps
  What Stamp Products Do You Wish Were Manufactured -- or Brought Back?
  Why do these Easter post cards have 2 different dates on their cancellations?
  I'm going to attempt to post some pictures for help with value
  A Stamp for every Country collection
  Very scarce stamps that almost no collector knows (or cares?) about.
  Newfoundland 245 Cracked Plate
  Used USA stamps giveaway
  Question regarding "Fold-O-Hinge" Color
  1c 1851 Plate 1-Early Stamps
  Official Seal Intact on Cover
  Scott 1431b... 8c Antarctic Treaty
  Anthony's FAKE FRAUD COUNTERFEIT 315's and 321's...
  D.B.S.R - The Local Post of Kustendje and Czernawoda
  Newfoundland 254 Diagonal Lines
  Russian - more stamps - thanks
  Family on Stamps (Families)
  Canada Stamps : On Steiner pages.
  Dentistry or Oral Health Stamps
  Keep getting this error message when trying to post on SCF
  US Plate Block books options
  Valuers - am I so wrong?
  Canadian 'Admiral' Lathework printings
  The Stamps of Australia : On Steiner Pages.
  Website for converting cancels to read easier??

Go to Top of Page
Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Stamp Community assumes no liability for errors. Copyright 2005 - 2018 Stamp Community Family - All rights reserved worldwide. Use of any images or content on this website without prior written permission of Stamp Community or the original lender is strictly prohibited.
Privacy Policy / Terms of Use    Advertise Here
Stamp Community Forum © 2005 - 2018 Coin Community Forums
It took 0.17 seconds to lick this stamp. Powered By: Snitz Forums 2000 Version 3.4.05