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THBHenry Ford, Edsel Ford, and William B. Mayo Signed Stock Certificates in Hamilton and Rossville Hydraulic Company Stock Certi
About Seller
6270 Este Ave.
Cincinnati , OH 45232
United States
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About Auction
LiveJun 9, 2017 - Jun 10, 2017
Cowan's Auctions dawnie@cowans.com
View Full Catalog (392)
- Lot Description
Stock receipt booklet for the Hamilton and Rossville Hydraulic Company containing 97 stock receipts dating from the company’s incorporation in 1845 through 1935. One reciept signed on the reverse by Henry Ford (1863-1947) as well as Edsel Ford (1893-1943) on the recto, seventeen of the receipts signed by Edsel Ford beginning in 1918. Two also include the signature of Ford's chief power engineer William B. Mayo (1866-1944). Other stock certificates include many other important Hamilton businessmen and personalities.
In 1840, Hamilton engineer John Wardell Erwin (1808-1889), who had previously worked on the National Road and the Miami & Erie Canal, conceived a plan to increase the city's industrial production by diverting water from the Miami River through the downtown area in order to power shops and mills. Erwin surveyed the area himself and submitted his plan to the state legislature, which voted to authorize it through the incorporation of the Hamilton and Rossville Hydraulic Company in 1841. The next year the directors of the company were William Bebb, Lewis D. Campbell, Henry S. Earhart, Jacob Hittel, Jacob Matthias, Andrew McCleary, Lamoi Rigdon, and John Woods. Erwin did not involve himself directly in the company but instead partnered with William Hunter to construct a flour mill under the name Erwin, Hunter & Erwin, which became the first business to lease power when water began flowing on January 27, 1845. Other businesses began to lease the cheap source of power. By the 1860s, the company powered approximately four large paper mills, four machine shops, three flouring mills, a woolen mill, and two factories that produced agricultural implements. It continued to power more businesses well into the 1900s. Attracted by the cost-effectiveness, Henry Ford began leasing its energy for his Cincinnati Ford plant in 1915. Ford acquired the plant in 1918 by buying approximately 200,000 dollars worth of shares; many are in the book offered here.
The book is in relatively poor condition with some missing stock receipts, separation of the binding, and some folds of the receipts. Most certificates have been canceled and have original pen marks recording its cancellation.Condition
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