ALABAMA TRACTION, LIGHT & POWER CO Stock SPECIMEN 1910s Became Alabama Power EF+

Description

Alabama Traction, Light and Power Company, Limited. Stock SPECIMEN ca. 1910 (“1912” written along upper left edge). Incorporated in the Dominion of Canada.
Certificate
No. L1000
for one share of capital stock (0 per share). Company capital was
,000,000
. Facsimile signature of company
president James Mitchell
. Certificate is about 7.5” x 11.” Black print with dark-brown overprint/underprint.
Vignette with seated allegorical woman next to generator with trains beyond.
The Alabama Traction, Light and Power Company Limited was formed in 1906 by James Mitchell, a Massachusetts engineer with connections to a London investment house, as a holding company to facilitate moving British funds to Alabama banks. Mitchell purchased the assets of several companies that held prime dam sites on Alabama rivers, including the Alabama Interstate Power Company, which owned a site at Cherokee Bluffs on the Tallapoosa River, as well as the Muscle Shoals Hydro-Electric Company which owned a site on the Tennessee River at Muscle Shoals.
Alabama Traction, Light and Power was the immediate forerunner of the Alabama Power Company, which became the largest, oldest, and historically the most significant state utility. James Mitchell died in 1920, and in 1924, Southeastern Power & Light was formed as a holding company for Alabama Traction, Light & Power (Southeastern Power & Light later became Southern Company).
Condition:  Extremely Fine-Uncirculated
, no folds, very minor creasing, no tears, very light signs of wear/handling/toning (see photos), uncancelled.
Printer:
Bradbury, Wilkinson & Co. Ltd., Engravers, London, England.
SPECIMEN certificates
are actual certificates that have never been issued. They were usually kept by the printers in their permanent archives as their only example of a particular certificate. Specimens were also used to show prospective clients different types of certificate designs that were available. Specimen certificates are usually much scarcer than issued certificates. In fact, many times they are the only way to get a certificate for a particular company because the issued certificates were redeemed and destroyed. In a few instances, Specimen certificates we made for a company but were never used because a different design was chosen by the company. These certificates are normally stamped "SPECIMEN" or they have small holes spelling the word specimen. Most of the time they don't have a serial number, or they have a serial number of 00000.
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