Scripophily.com is Now Offering a Bond Certificate from the Hamilton Disston Land Company who Failed to Drain the Swamp and Founder is said to have Committed Suicide
WASHINGTON, DC (PRWEB) May 30, 2018 -- Scripophily.com ®, the Internet’s largest buyer and seller of collectible stock and bond certificates, is offering a RARE bond certificate from the Disston Land Company, hand signed by by Hamilton Disston issued in 1894.
Hamilton Disston (August 23, 1844 – April 30, 1896), was an industrialist and real-estate developer who purchased four million acres (16,000 km²) of Florida land in 1881, an area larger than the state of Connecticut, and reportedly the most land ever purchased by a single person in world history. Disston was the son of Pennsylvania-based industrialist Henry Disston who formed Disston & Sons Saw Works, which Hamilton later ran and which was one of the largest saw manufacturing companies in the world.
Hamilton Disston's investment in the infrastructure of Florida spurred growth throughout the state. His related efforts to drain the Everglades (aka Drain the Swamp) triggered the state's first land boom with numerous towns and cities established through the area. Disston's land purchase and investments were directly responsible for creating or fostering the towns of Kissimmee, St. Cloud, Gulfport, Tarpon Springs, and indirectly aided the rapid growth of St. Petersburg, Florida. He furthermore oversaw the successful cultivation of rice and sugarcane near the Kissimmee area.
Draining and development of the Everglades Disston's success at draining peninsular Florida quickly turned to disappointment. The positive report of his drainage results in 1883 was followed by a dreadful report in 1887. While it still credited Disston with draining parts of the upper Kissimmee valley, it credited a drought with drying the area north of Lake Okeechobee. Meanwhile, Lake Okeechobee—which typically rises and falls seasonally, and is affected by the frequent flooding and droughts associate with the Florida climate—was inundated despite Disston's canals, and the only canal out of the lake that Disston actually completed resulted in the Caloosahatchee River flooding the surrounding area. Furthermore, Disston's planned canals to the east and south out of Lake Okeechobee had not materialized.
On April 30, 1896, Disston had dinner with the mayor of Philadelphia and attended a theatre production with his wife in Philadelphia. The following morning, he was found dead at age 51. Although some claim that Disston committed suicide in his bathtub with a self-inflicted gunshot to the head, almost every obituary, as well as the official coroner's report, stated that he died of heart disease in bed. The New York Times further reported that, several months before his death, Disston suffered from a bout of typhoid pneumonia.
Stock certificates are collected and given as gifts because of their historical significance, beauty and artwork, autographs, notoriety, as well as many other factors. The supply of new certificates reaching the collector market has been substantially reduced due to changes in state laws and stock exchanges rules. Many companies are no longer required to issue physical stock and bond certificates, a process called “dematerialization.”
Scripophily (scrip-ah-fil-ly) is the name of the hobby of collecting old stock and bond certificates. Certificate values range from a few dollars to more than $500,000 for the most unique and rare items. Tens of thousands of Scripophily buyers worldwide include casual collectors, corporate archives, business executives, museums and serious collectors. Due to the computer age, more and more stock and bonds are issued electronically which means fewer paper certificates are being issued. As a result, demand for paper certificates is increasing while supply is decreasing.
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Scripophily.com has partnered with The Museum of American Finance, an affiliate of the Smithsonian Institution, with an educational program, Sharing Stocks, to place primary source documents in local classrooms. Scripophily.com (OldCompany.com) and Scott J. Winslow Associates, Inc. have sponsored free stock certificates for social studies teachers throughout the New York area.
Scripophily.com /Old Company Research Service, founding member of the Old Stock Exchange, is the successor company to all material published by the Marvyn Scudders Manuals, the Robert D. Fisher Manuals, R.M. Smythe Stock Research Service, and the Herzog & Co., Inc. obsolete research services. These services have been performed continuously for over 138 years since 1880. We are the leading provider of authentic stock certificates, autographs, and old company stock research services.
Scripophily.com and Old Company Research Services was founded by Bob Kerstein (Bob.com). Bob is a CPA and CGMA, and has more than 42 years of senior management experience in the Cellular, Cable TV, Satellite, Internet, Professional Sports and Entertainment Industries. Bob is also the President of the Professional Scripophily Traders Association (PSTA), Co Founder of ScripophilyUSA.org and Public Relations Director for the International Bond and Share Society.
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Bob Kerstein, Scripophily.com, http://www.scripophily.com, +1 703-787-3552, [email protected]
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