| REF. NO. | DENOMINATION | DESCRIPTION | NO.ISSUED | CONDITION | VALUE |
|---|---|---|---|---|---|
 |
|||||
| 101 | shares | 18[88], green and black signed by Theodore Vail |
#431 | VF | $200-250 |
National Heating Company
Incorporated in New York by 1888 to operate district heating plants built in Washington D.C. and Boston by the use of superheated water. Theodore Vail was the promoter and financier of the project. His signature often seen of the certificates.
Capital $1,750,000 in shares of $100.
1888
Description
Theodore Vail (1845-1920), first President of American Telephone & Telegraph between 1885 and 1889 and again from 1907 to 1919 utilising his position to consolidate telephone networks using the Bell System. On his death in 1920 all telephone services were suspended throughout the USA for 1 minute during his funeral.