American Hide and Leather Company ( Early Radio Shack Company )

American Hide and Leather Company ( Early Radio Shack Company )

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American Hide and Leather Company ( Early Radio Shack Company )

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Beautifully engraved SPECIMEN certificate from the American Hide and Leather Company. This historic document was printed by the American Banknote Company in the 1950's and has an ornate border around it with a vignette of a cow. There is an overprint of the new company's name, "General Ameriacn Industries". This item has the printed signatures of the Company’s President and Treasurer.
Certificate Vignette Charles Tandy's enthusiasm for providing the leather parts and tools to make wallets and other items had grown the Tandy Leather Company to 67 stores in 36 states and Hawaii, with sales of $8 million. Although successful, the company had reached a point where coping with estate and management problems inherent in a privately held family business dictated selling the enterprise to gain a listing on a major stock exchange to attract investors and finance expansion. In 1955,Tandy Leather Company was sold to American Hide and Leather of Boston, a respected New England firm, which changed its name to General American Industries after the merger. Following a string of unsuccessful acquisitions, the firm soon found itself in financial trouble. Profits from the Tandy organization were used to cover losses of the parent company, instead of going toward expansion of the leathercraft business as Charles had originally planned. Charles Tandy began a struggle for control of the company. He prevailed four years later and was elected Chairman of the Board in November 1959. He moved the corporation's headquarters to Fort Worth the following year, and the name of the company was changed to Tandy Corporation. On Nov. 14, 1960, the company's stock began trading on the New York Stock Exchange under the symbol "TAN." (When the name of the company was changed from Tandy Corporation to RadioShack Corporation in May 2000, the NYSE symbol became "RSH.")

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Item Details:

  • Reference #
  • amhidandleat
  • Quantity
  • 1
  • Category
  • Coins & Currency
  • Department
  • Collectibles
  • Year
  • See Description
  • Dimensions
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