SPECIMEN - Fieldcrest Mill, Inc. Stock Certificate

Description

SPECIMEN - Fieldcrest Mill, Inc. Stock Certificate
SPECIMEN - Fieldcrest Mill, Inc. Stock Certificate
s187
State - Delaware
Color - Brown
Size - 12in x 8in
SPECIMEN
Fieldcrest Mills, Inc. Printed by American Bank Note Company. Very detailed vignette.
A little history:
The early histories of both Fieldcrest Mills and Cannon Mills center on determined industrialists. Fieldcrest started with aspiring empire-builder, Benjamin Franklin Mebane, who launched an ambitious plan to open one mill a year on and around 600 acres of land he had purchased in Spray, North Carolina, in 1893. By 1905 he owned six mills in the area, renamed Edin (after a surveyor’s comment that it resembled the garden of Eden). Mebane had gone to Chicago retailer Marshall Field for help in financing his plan, and after Mebane started having trouble repaying his debt, Field decided to take over. By 1910 Field had gained voting control of Mebane’s Spray Water Power & Land Co. and had installed new managers; by 1912 the takeover was complete and the company had become a subsidiary of Marshall Field & Co. Field invested in improvements and expansion projects for the subsidiary, which was renamed the Thread Mills Company. In 1916 the company acquired a 1,600-acre site near Martinsville, Virginia, for a huck (flat weave) and terry towel plant and employee housing; the facility in the newly created community of Fieldale, started operation in 1919. It would continue operating into the 1990s.
SPECIMEN -
No certificates are accepted unseen from a printer. No matter how much checking has been done, there is always the chance of a typographical error creeping in and causing untold financial damage to the issuer. For this reason, prior to final printing a small quantity of "specimen" certificates will be produced by the printer for final verification. These items will usually be clearly marked "specimens" either by means of overprint or perforated cancellations holes. In some cases they can be further identified by a "0000" serial number.
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