One temporary share certificate of "North American Edison Company "1925 Incorporated in Delaware .Condition (opinion):Very Good (VG). Cancelled.Size: 27,3 cm/19,6cm (average).Printer: American Banknote Company .Two hand signatures. Is hand signed by the Company's Vice President (Ferdinand Sherwood) and Assistant Treasurer and is over 76 years old. These were temporary certificates that were issued until the vignette certificates were ready to be issued.Canceled.Early power grid utility.
Use this picture for reference only, serial number may be different.
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Detroit Edison was part of a large holding company called North American Edison Company. North American's stock had once been one of the twelve component stocks of the May 1896 original Dow Jones Industrial Average.[1] North American Company was broken up by the Securities and Exchange Commission, following the United States Supreme Courtdecision of April 1, 1946.
After that Detroit Edison operated independently,.....
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North American Company
The North American Company was a holding company incorporated in New Jersey on June 14, 1890, and controlled by Henry Villard, to succeed to the assets and property of the Oregon and Transcontinental Company. It owned public utilities and public transport companies and was broken up in 1955, largely to comply with the Public Utility Holding Company Act of 1935.
Its headquarters were at 60 Broadway in Manhattan.
Holdings
By 1940, North American was a US$2.3 billion holding company heading up a pyramid of by then 80 companies. It controlled ten major direct subsidiaries in eight of which it owned at least 79%. Three of the ten were major holding companies: , Decided April 1, 1946, FindLaw.com]
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Four of the ten direct subsidiaries were operating companies:
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The remaining three of the ten direct subsidiaries were:
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*60 Broadway Building Corporation
At various times during its existence, North American also owned substantial interests in these other companies as well:
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Formed in 1896 as a subsidiary of the North American Company. By 1929, it operated within North American Company along withWisconsin Electric Power Company , which became the consolidated name of the two operating companies in 1938. It now belongs toWisconsin Energy Corporation
Formed on*December 1 ,1933 inWashington, D.C. from merger of Washington Railway,Capital Traction , and Washington Rapid Transit. North American owned it through its holding company subsidiary,Washington Railway and Electric Company , which in turn was the holding company for the merged lines, owning 50% of Capital Transit.cite journal
North American Company was broken up by the
Dow Jones Industrial Average
North American's stock was one of the twelve component stocks of the May 1896 original
*May 26, 1896 – August 26, 1896, replaced by
*October 1, 1928 – January 29, 1930, replaced by
ee also
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