Beautifully engraved certificate from the Atlantic and Pacific Steamship Company issued no later than 1916. This historic document was printed by Hamilton Banknote Company and has an
ornate border around it with a vignette of a steamship. This item has the signatures of the Company's President, Joseph. P. Grace and Secretary, J. Louis Schaefer and is over 98 years old. Stamped, punched and pen cancelled.
Joseph Peter Grace was born in 1872 and died in 1950. He was the son of William Russell Grace who was the founder of W. R. Grace & Co. He was president of W. R. Grace & Co. from 1907 to 1945. He was also the president of the Atlantic and Pacific Steamship Company.
The Atlantic and Pacific Steamship Company was controlled by the W. R. Grace & Co. The Atlantic and Pacific Steamship Company owned four steamships Santa Clara, Santa Olivia, Santa Cruz and the Malta.
W. R. Grace and Co. was founded in Peru in the mid-19th century to engage in the guano trade. William R. Grace relocated to New York in 1866. What later became the Grace Line originated in 1882 as a line of sailing vessels between Peru and New York. Grace established regular steamship service in 1893 with a subsidiary called the New York & Pacific Steamship Co., operating under the British flag because ships built outside the United States were banned from US registry until 1905.
US-flag service began in 1912 with the Atlantic and Pacific Steamship Company. The activities of both companies and the parent firm were consolidated into the Grace Steamship Company beginning in 1916. The firm originally specialized in traffic to the west coast of South America; then expanded into the Caribbean.
After World War II, the company gradually withdrew from holdings in Latin America and finally abandoned the shipping business altogether to concentrate on chemicals in 1969. It is still in business, but not as a shipping concern. At its peak, the Grace Line was a major force in American merchant shipping. Shortly after World War II it owned 23 ships totalling 188,000 gross tons, plus 14 more on bareboat charters. The Grace Line flag was red with the word "GRACE" in blue on a white lozenge.
Sources: Wedge (1926), National Geographic (1934) (showing letters with serifs), Talbot-Booth (1937), US Navy's 1961 H.O.
WASHINGTON, DC / NEW YORK -
Scripophily.com / Old Company Stock and Bond Research Service
owns and operates the
Old Stock & Bond Research
Archives from Herzog & Co., Inc (formally RM Smythe research) which was acquired from John Herzog,
founder of the Museum of American Finance and past
Chairman of RM Smythe & Co.
included all RM Smythe Research archives, publishing rights and copyrights on
obsolete research reference material published by the Marvyn
Scudders Manuals, the Robert D. Fisher Manuals, and the Herzog &
Co., Inc. obsolete research services. The old stock research
services have been performed continuously since 1880.
Scripophily.com / Old
Company Research Service was founded by Internet Pioneer, Bob Kerstein,
CPA who is a member of the American Institute of
Certified Public Accountants, Chartered Global Management Accountants, California Society of Certified Public Accountants, and the Virginia Society of Certified Public Accountants. We have been collecting and selling old stock and bond certificates
since 1990. Scripophily.com started operating on the Internet in January
1996 with the goal to promote the history of old companies and help educate everyone about the wonderful hobby of collecting stock
and bond certificates called Scripophily.
We will always maintain our founding commitment to customer satisfaction and the delivery of an educational product with an enjoyable shopping experience. Please
let us know how we may be of service to you.
All Old Stock and Bond
Certificates are actual authentic certificates and are sold only as collectibles.
We do not sell reproductions and offer a lifetime guarantee to the
authenticity of everything we sell.