While it seems a relatively normal stock certificate, the reverse tells a different story. There are 6 $20 Stock Transfer stamps (As well as 6 $20 NY State Stamps). While $120 does not seem excessive for tax, in 1937, the rate is 4 cents per $100 value. So a $1.00 tax would be assessed on a $2500 transfer. A Sixty dollar tax represents $300,000.00 worth of stock. Its likely the tax was for a group of certificates sold together, rather than this single certificate for 50 shares.
It appears the listed owner is
Edward Julius Berwind (June 17, 1848 – August 18, 1936) was an American coal baron who co-founded the Berwind-White Coal Mining Company with his brother Charles Frederick Berwind and Allison White. Berwind served as the second president of the company from 1890 to 1930. He was considered the largest single owner of coal properties in the United States and his agreements to supply coal to the United States Navy, Pennsylvania Railroad, and international shipping lines were considered a monopoly. He owned six coal companies and the Berwind National Bank. He served as a director for approximately 50 companies including banks, coal, railway, and international shipping companies.
His summer home, The Elms, in Newport, Rhode Island, was designed by architect Horace Trumbauer and was filled with Berwind's art collection.
Replies: 1 / Views: 49
Posted Today 1 Hr 34 Min ago
