Potomska Mills Corporation Stock Certificate (New Bedford, Massachusetts)

Description

Potomska Mills Corporation Stock Certificate
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Potomska Mills was founded in New Bedford, Massachusetts in 1872, becoming the second major textile firm in the city.  Wamsutta was the city's original textile manufacturer.
Potomska was financed by local businessmen who also had stakes in Wamsutta.  The company produced a coarser cloth that did not compete with Wamsutta's finer products.
New Bedford quickly became an ideal location for the the country's burgeoning textile industry. Besides offering a humid climate that optimized textile processing, the city had an excellent harbor for the delivery of coal to power the steam engines fed by the city's extensive fresh water delivery system. Textile companies owned their own wharves to reduce transportation and wharfage fees.
Frequently Asked Questions:
Is the certificate in this listing, the exact piece I will receive?
For this listing - no, t
he images are representative. We do this when multiple quantities are being offfered. You will receive a certificate in similar condition; however dating, denomination, certificate number and issuance details may vary.
Is this document authentic or a reproduction?
All pieces we offer are originals - we do not sell reproductions. If you ever find one of our pieces not to be authentic, it may be returned at any time.
Can this certificate be cashed in?
All of our certificates are sold only as collectible pieces, as they are either canceled or obsolete. Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied.
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