Membership certificate from the American Stock Exchange, 12.25 x 18, issued to Paine, Webber, Jackson & Curtis Incorporated for being “a regular member firm of the American Stock Exchange, an association which provides a securities market place where high standards of honor and integrity prevail and which promotes and maintains just and equitable principles of trade and business.” Lower portion bears facsimile signatures of Ralph S. Saul and Franc Graham, Jr. Matted to a slightly larger size and in fine condition.