Partly-printed DS, signed “Benj. F. Butler,” one page, 10.75 x 7.75, June 10, 1891. Stock certificate issued to Joseph John for 100 shares of capital stock of the Georgia-Alabama Investment and Development Company. Signed at the conclusion by Benjamin Butler as the company's president, and countersigned by James W. Hyatt as treasurer. Handsomely cloth-matted and framed with an engraved portrait and plaque to an overall size of 28.5 x 21.75. In fine condition.
The Georgia-Alabama Investment and Development Company was chartered by Ralph Spencer in 1890 to attract manufacturing to Tallapossa, a boom town established during Georgia's first gold rush. Instead, Spencer and several board members embezzled investor funds and the company collapsed in 1892. With over 10,000 investors financially ruined, the scandal gained national attention.
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