Manufactures de Lin et de Coton de Kostroma (Russia) share cert.1899

Description

One bearer  share "Action ordinaire " of "
Société Anonyme des Manufactures de Lin et de Coton de Kostroma
"Établissements Russes Gratry,Gérard et Mikine. Brussels (Belgium) 1899.Condition (opinion) : Fine (F/VF) .Company established in1899  in Brussels. One hand signature of FirminGérard.Printer:Typ et Lith.E.Guyot Coal,mines cement.Uncancelled.Guaranteed genuine.All 20 dividend coupons remain uncut.Founders:Jules Gratry and Firmin Gérard
through the acquisition of the "Filatures de Lin "(Flax Sppining) of Mme Grafira Appolinarewna Mikina at Kostroma (Rusia) witch is also a partner.
See some information from the web:
The CAMT archives in Lille contain the records and annual shareholding reports of dozens of companies which set up plants in Russia and Poland.
40 On the strength of the original dreams of tapping the riches of a huge market of Russian consumers, these firms kept operating and expanding, even as violence and chaos broke out around them. Consider a typical story: Etablissements Gratry, a Lille-based textile company, in 1899 set up
Société anonyme des manufactures de Lin et de Coton de Kostroma
, to operate in Russia, and incorporated it with a capital of 5 million francs in Belgium (probably for lower taxes).41 The prospectus described the objective as selling fabric for clothing and for furniture in Russia---a market presented as almost "unlimited" in such a vast country. It presented a sector already flourishing in Russia, with other textile companies paying dividends of 10-20%. Since the new Kostroma plant would produce a range of goods not yet sold in Russia, and since tariffs on these articles were very high, the prospectus claimed that they would be "à l'abri des crises de
43
surproduction." The reports to the shareholders in 1901 and 1902 describe troubles due to weak consumer demand and rising cost of raw materials. In 1903, the company reported that just when it thought it had reached the bottom of its problems, new difficulties arose. Managers had tried to train the workers in weaving, but they were "rebelles à tout progrès." In order to provide incentives, managers introduced piecework wages. At this point, a strike and riots broke out and the factory was attacked three days running by strikers. The French and Belgian foremen and managers fled and refused to return. So the balance sheet was in the red again in 1903. In 1904, they describe a better situation until the Russo-Japanese war broke out. In 1906, they attribute their bad results entirely to the hostility of the workers, who deliberately break machines. Wages are rising. The costs of fuel skyrocketed because revolutionary arsonists set the Baku naphta works on fire. There are problems with local officials about taxes. But, continues the report, we expect these problems will disappear with time. Our customers are paying regularly. Our solution is to increase production and bring on line
44
another 42,000 cotton spindles. And so the reports continued until 1914, when the archives fall silent.
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Postage, including packing material, handling fees : Europe: USD 4.10 / USA $ 4.9
0. Rest of the World: USD 5.30
FREE of postage for any other additional banknote , stocks & bonds or other items
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Only one shipping charge per shipment (the highest one) no matter how many items you buy (combined shipping).
Guaranteed genuine -
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Banknote Grading
UNC
AU
EF
VF
F
VG
G
Fair
Poor
Uncirculated
About Uncirculated
Extremely Fine
Very Fine
Fine
Very Good
Good
Fair
Poor
Edges
no counting marks
light counting folds OR...
light counting folds
corners are not fully rounded
much handling on edges
rounded edges
Folds
no folds
...OR one light fold through center
max. three light folds or one strong crease
several horizontal and vertical folds
many folds and creases
Paper
color
paper is clean with bright colors
paper may have minimal dirt or some color smudging, but still crisp
paper is not excessively dirty, but may have some softness
paper may be dirty, discolored or stained
very dirty, discolored and with some writing
very dirty, discolorated, with writing and some obscured portions
very dirty, discolored, with writing and obscured portions
Tears
no tears
no tears into the border
minor tears in the border, but out of design
tears into the design
Holes
no holes
no center hole, but staple hole usual
center hole and staple hole
Integrity
no pieces missing
no large pieces missing
piece missing
piece missing or tape holding pieces together