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Finance, Stocks, and Bonds

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Lake Torpedo Boat Company Preferred Stock

SIMON LAKE, Partially Printed Document Signed. Stock certificate No. 2310 for five shares of Preferred Stock in The Lake Torpedo Boat Company. Bridgeport, CT, June 28, 1917. Boldly signed. Attractive gold and silver foil ornate borders with corporate seal and eagle vignette at top center. 1p. 11 x 8. Archivally framed.

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Item #23078, $1,200

Benjamin Butler Signed Stock Certificate

[BENJAMIN BUTLER], Stock certificate of fifteen shares of the Georgia Investment and Development Co. signed by Benjamin Butler as President. March 14, 1891.

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Item #23084, $1,000

President Washington Approves Establishment of Mint and Issues First Veto

[GEORGE WASHINGTON], Columbian Centinel, April 21, 1792. Boston, MA. 4 pp, 10.5 x 16.75 in.

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This newspaper includes the full text of “An Act establishing a Mint and regulating the Coins of the United States” of April 2, 1792, signed in print by Speaker of the House Jonathan Trumbull, Vice President John Adams, President George Washington, and Secretary of State Thomas Jefferson. The bill established a mint, specified its officers, and reaffirmed the Congress of the Confederation’s adoption of decimal currency in 1785 (p1/c1-p2/c1). President Washington appointed David Rittenhouse of Pennsylvania as the first director of the mint on April 13, 1792.

It also includes President George Washington’s first veto message, in which he vetoed “An Act for an Apportionment of Representatives among the Several States, according to the First Enumeration” on April 5, 1792 (p3/c1). The bill introduced a new plan for dividing seats in the House of Representatives that would have increased the number of seats held by northern states. After consulting with his divided cabinet, Washington decided that the plan was unconstitutional because the Constitution provided “that the number of Representatives shall not exceed one for every 30,000; which restriction is, by the context, and by fair and obvious construction, to be applied to the separate and respective numbers of the States; and the bill has allotted to eight of the States more than one for 30,000” (p3/c1). Secretary of State Thomas Jefferson had suggested that apportionment be derived from arithmetical calculations.

When Washington’s veto arrived, Congress considered overriding the veto by a two-thirds vote, but only 28 representatives still favored the bill, while 33 opposed it (p3/c1). Ultimately, they threw out the bill and passed a new one that apportioned representatives at “the ratio of one for every thirty-three thousand persons in the respective States.”

Item #26258.01, $3,250
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