Central Leather Company - New Jersey

Beautifully engraved RARE Specimen Gold Bond from the Central Leather Company printed in 1905. This historic document was printed by International Banknote Company and has an ornate border around it with a vignette of an eagle. This item and is over 111 years old.






Certificate Vignette

History reported in 1912 is shown below:

Central Leather Company was incprporated on April 12, 1905, in N. J.; successor, to the properties and assets of the United States Leather Co. pursuant to the plan for 1905. Owns the entire capital stocks (except qualifying shares of the N. R. Allen's Sons Co., Union Tanning Co., Harrington & Co., Wallin Leather Co., Elk Tanning Co., Central Pennsylvania Lumber Co., David Moffat Co., Keystone Glue Co., Susquehanna Real Estate Co. and Long Valley Coal Co.

Properties owned by the Central Leather Co. and its constituent companies include the following: Tanneries at Limestone, Olean, and Salamanca, N. Y.; Old 'Fort, N. C.; Flintstone, Ga.; Iron Gate, and Cadet, Va.; Davis, Marlington, New Creek, Paw Paw, and Petersburg, W. Va.; Medford, Mellen, Rib Lake, Stanley, Tomahawk, and Wausau, Wi Md.; Arroys.; Chattanooga and Johnson City, Tenn.; Middlesboro, Ky.; Cumberland, Blossburg, Brookston, Clarendon, Clearfield, Costello, Coudersport, Curwensville, East Stroudsburg, Emporium, Falls Creek, Galeton, Harrison Valley, Hoytville, Hyndman' - Instanter, Irvona, Jamison City, Laporte, Leetonia, Manns Choice, Manhattan, Newport, Port Allegheny, Portland Mills, Powell, Ralston, . Reynoldsville, Ridgway, Roar ing Branch, Sheffield, Stoneham, Tioga, Tunkhannock, Tyrone, Warren, Westfield] Wilcox, and Hillsgrove, Pa. Mills at•amison City, Kellettsville, Gray's Run, Loleta, Mina, Tiadaghton, Williams. port, and Sheffield, Pa.

Extract factories at Old Fort, N. C.; Cadet, Va.; Chattanooga and Tellico, Tenn.

Finishing plant at Elizabeth, N. J.; machine shops at Cumberland, Md.; Ridgway, Pa.

Lands, growing bark and timber, and other real estate properties situated in New York, Pennsylvania, Wisconsin, Maryland, Virginia, West Virginia, Georgia, Tennessee and North Carolina, as follows: 424,700 acres in fee; 100,000 acres, bark on trees only: 44,000 acres, bark and timber only; 20,000 acres, contracts for bark only; one-half undiL vided interest in 6,000 acres in Pennsylvania and Wisconsin,' with the hardwood thereon; one-third undivided interest in 5,000 acres in Pennsylvania, with the hardwood nine-sixteenths undivided interest in 3,500 acres in Pennsylvania, with the hardwood thereon. .

Glue works at Milwaukee, Wis., in course of construction. Railroads.—All the outstanding stock is owned, except directors' qualifying shares, of the Leetonia and Tionesta Valley railways,. and all the capital stock, except 65 shares held by directors, and $724,000 outstanding first mortgage bonds, of the Susquehanna & New York RR.

Grand Rapids, Mich. York; C: C. Allen, Kenosha, Wis.; G. W. Childs, Ridgway, Pa.; S. P. Davidge, Short Hills, N. J.; W. G. Garritt, Boston; Eugene Horton, Middletown, N. Y.; Van A. Wallin, G. D. Hallock, L. H. Lapham, R. E. Paine, P. A. Valentine, Leopold Rossbach, New V-P; Geo. W. Plum, Treas.; F. E. Knapp, Sec., New York. Walter G. Garritt, let V-P, Boston, Mass.; Geo. W. Childs, 2d V-P; Eugene Horton, 3d Hallock, Walter G. Garritt, Robert E. Paine, Geo. W. Childs. General office, Whitehall Bldg., New York.

Annual meeting, fourth Wednesday in February, at Jersey City, N. J.

Directors: A. Augustus Healy, Edward C. Hoyt, L. C. Krauthoff, Charles Einsiedler, Executive Committee: Edward C. Hoyt, Chas. Einsiedler, P. A. Valentine, Geo. D. Officers: P. A. Valentine, Chairman of Board, Edward C. Hoyt, Pres., New York;

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About Specimens

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 we 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 grown in popularity and realized nice appreciation in value over the past several years.

Gold Bonds

Many times Bonds were Payable in Gold or Gold Coin to give the impression that they were a more secure investment. In reality, they were not more secure since there wasn't any gold set aside as collateral for these bonds.

On April 5, 1933, President Franklin D. Roosevelt signed Presidential Executive Order 6102 which invoked his authority to make it unlawful to own or hold gold coins, gold bullion, or gold certificates. The export of Gold for purposes of payment was also outlawed, except under license from the Treasury.

On January 30, 1934, the Gold Reserve Act became law which made the ownership of gold illegal except for coins of numismatic value. As a result of this law, Bonds were no longer allowed to be Payable in Gold.