Beautifully engraved SPECIMEN certificate from the Walter E. Heller International Corporation
. This historic document was printed by the Security-Columbian Banknote Company and has an ornate border around it with a vignette of a man sitting on a marble stoop, his arm resting on Ionic column with an oblong-shaped globe in the background. This item has the printed signatures of the Company’s President and Secretary.
Walter E. Heller and Co., Inc. was a finance company involved in leasing, factoring, asset-based commercial lending, commercial real estate lending and owned manufacturing companies located throughout the United States and abroad. The company was also involved with commercial real estate development and construction. On April 2, 1962, Heller & Co. was sued for fraud along with Billy Sol Estes and several others.
The manufacturing subsidiaries were subsequently sold off, as required by U.S. anti-trust bank ownership laws, when the company purchased American National Bank in Chicago during the late 1970s. The company was purchased in 1985 by Fuji Bank and was renamed Heller Financial when new leadership was brought in to change the focus after U.S. banks began competing directly with commercial finance companies and business lending institutions. Heller Financial began trading on the Chicago Stock Exchange on May 8, 1998.
Heller Financial was purchased by GE Capital during the 2000s, sparking an insider trading investigation by the SEC when Pequot Capital Management was found to have made $18 million profit in one month in speculative purchases of massive quantities of shares just prior to Heller Financial's purchase by GE.
History from StockResearch.pro
Stock Certificate Research Service).
About Specimen Certificates
Specimen Certificates are actual certificates that have never been issued. They were usually kept by the printers in their permanent archives as their only example of a particular certificate. Sometimes you will see a hand stamp on the certificate that says "Do not remove from file".
Specimens were also used to show prospective clients different types of certificate designs that were available. Specimen certificates are usually much scarcer than issued certificates. In fact, many times they are the only way to get a certificate for a particular company because the issued certificates were redeemed and destroyed. In a few instances, Specimen certificates were made for a company but were never used because a different design was chosen by the company.
These certificates are normally stamped "Specimen" or they have small holes spelling the word specimen. Most of the time they don't have a serial number, or they have a serial number of 00000. This is an exciting sector of the hobby that has grown in popularity over the past several years.