E. Remington & Sons (Remington Arms Company ) - Ilion, New York - 1882

Beautiful RARE uncancelled bond certificate from E. Remington & Sons issued in 1882. This historic document was printed by the American Banknote Company and has an ornate border around it with vignettes of a battle scene from the Mexican-American War and a vignette of a pioneer getting warm next to a campfire and his rifle. This item has the signature of the Company’s Treasurer, Eliphalet Remington III and is over 227 years old. This is the first time we have had this bond for sale and are only aware of a couple of others.


Certificate Vignette


Certificate Vignette


Eliphalet Remington III's Signature




Certificate



E. Remington and Sons (1816-1896) was a manufacturer of firearms and typewriters. Founded in 1816 by Eliphalet Remington in Ilion, New York, on March 1, 1873 it started manufacturing the first commercial typewriter.

In August 1816, then 22 year old Eliphalet Remington II would forge his first rifle barrel. His initial experiment would prove a success, and the young blacksmith proceeded to make others to meet the growing demand for sporting rifles in the Mohawk Valley. With the completion of the Erie Canal, connecting Buffalo with Albany, commerce in the Mohawk Valley expanded remarkably. To meet the increased demand for rifle barrels, in 1828 the Remingtons moved their forge and foundry from its rural setting to 100 acres (0.4 km˛) of land they had purchased astride the canal and abutting the Mohawk River near a town then called Morgan's Landing (later Ilion), New York. The move coincided with the elder Eliphalet's death, and Eliphalet II assumed control of the business.

In 1867 Christopher Sholes, Carlos Glidden, and Samuel Lewis invented another typewriter. The Sholes and Glidden typewriter was the first device that allowed an operator to type substantially faster than a person could write by hand. The patent (U.S. 79,265) was sold for $12,000 to Densmore and Yost, who made an agreement with E. Remington and Sons (then famous as a manufacturer of sewing machines), to commercialize what was known as the Sholes and Glidden Type-Writer. Remington started production of their first typewriter on March 1, 1873 in Ilion, New York

In 1839 Eliphalet was joined by his eldest son, Philo Remington (to make the business "E. Remington & Son"), and in 1845 his second son, Samuel, also joined the company, afterwards called "E. Remington & Sons". Remington's third son, Eliphalet III, would later join the company as well.

During this period, the Remingtons specialized almost exclusively in the manufacture of rifle barrels. These barrels, marked with the distinctive "REMINGTON" stamp near their breeches, were recognized for their quality and reasonable price. Many, if not most, of the independent gunsmiths in the Mohawk Valley purchased completed (but not rifled) barrels from Remington and assembled them into firearms custom ordered by their customers. As demand increased, the Remingtons added other parts to their inventory, first percussion locks made in Birmingham, England but marked with their stamp "REMINGTON", and later sets of brass gun furniture, including trigger guards, butt plates, and patch boxes. After 1846, first martial longarm and then revolver production dominated the company's workforce.

Remington supplied the U.S. Army with rifles in the Mexican-American War (1846 to 1848). In 1847, Remington supplied the U.S. Navy with its first breech-loading rifle. In 1856 the business was expanded to include the manufacture of agricultural implements. Upon Eliphalet's death in 1861, his son, Philo, took over the firm during the Civil War, and diversified the product line to include sewing machines (manufactured from 1870 to 1894) and typewriters (1873), both of which were exhibited at the Centennial Exposition in Philadelphia in 1876.

The Remington Arms Company supplied a large proportion of the small arms used by the United States government in the Civil War (1861 to 1865) and in World War I (U.S. involvement 1917 to 1918) and World War II (U.S. involvement 1941 to 1945). Remington in addition was one of the most successful gun manufacturers in the world arms trade between 1867 and 1900, specifically through the export of the Remington Rolling Block action rifle. This single shot, large caliber Blackpowder cartridge rifle was exported in the millions all over the world, including shipments to France, Egypt, Denmark, Norway, Sweden, Belgium, Argentina, Mexico and the Vatican.

In 1886, E. Remington and Sons sold its typewriter business to the Standard Typewriter Manufacturing Company, Inc. Included were the rights to use the Remington name. E. Remington and Sons changed its name to "Remington Arms".

"Standard Typewriter" changed its name in 1902 to "Remington Typewriter Company". This company merged in 1927 with "Rand Kardex Company" to form "Remington Rand", which continued to manufacture office equipment and later became a major computer company, as well as manufacturing electric razors.

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Remington Arms Company - History

1865 The partnership of E. Remington & Sons was incorporated as a stock company. Over the years, the partnership and the succeeding corporation developed the first hammerless solid breech repeating shotgun, the first hammerless autoloading shotgun, the first successful high-power slide action repeating rifle, and the first lock breach autoloading rifle. In 1865-66, Remington produced the state-of-the-art Rolling Block Rifle.

1867 In an effort to diversify their holdings, Schuyler, Hartley & Graham purchased two small New England cartridge companies. These companies were later closed, and the equipment moved to a new site in Bridgeport, Connecticut. On August 9, 1867, the Union Metallic Cartridge Company was incorporated. It was particularly noted for its development of metallic cartridges. It and its successor company subsequently developed the first paper shotshells successfully manufactured in the United States, the first primer adapted to smokeless powder; the first battery cup for best quality paper shotshells; the first cartridges for automatic pistols; the first standard high-power smokeless cartridges for big game autoloading rifles; the first .410 bore gauge shotshell in the United States; the first nickeled primer; the first oil-proof automatic pistol cartridges; and the first completely wetproof loaded shells, including top wad, crimp and body.

1873 E. Remington & Sons embarked on a new venture, and in September of 1873, the first Remington typewriters were produced.

1886 Remington sells the typewriter business. This business would later become Remington Rand, then Sperry Rand.

1888 In March 1888, E. Remington & Sons was acquired by Marcellus Hartley and partners. E. Remington & Sons was reorganized, and the new company was named the Remington Arms Company. In later years, in order to better utilize the potential of the Remington Plant, the company would produce sewing machines and cash registers.

1912 The Union Metallic Cartridge Company of Bridgeport and Remington Arms Company were combined into one company and became Remington U.M.C.

1915 Construction started on an expansion of the Ilion facilities, and by the spring of 1916, the new Ilion plant was in full operation. The Ilion plant constructed during this time is essentially the same plant that exists today.

1920 Remington Arms Company was incorporated in Delaware.

In order to better utilize the excess manufacturing capacity created during World War I, Remington began to branch into new fields, including the cutlery business (pocket and hunting knives), household utensils, and cash registers.

1926 Remington began distributing and selling decorative patches bearing the Remington logo. This eventually led to Remington's clothing and accessory business.

1931 Remington sold the cash register business to the National Cash Register Company.

1933 As a result of financial pressures brought on by The Great Depression, Remington's management offered a controlling interest in the company to E.I. DuPont de Nemours & Co., Inc. (DuPont). On May 24, DuPont purchased a 60% share of the company.

In August, Remington acquired the Chamberlain Trap & Target Company which included a plant in Findlay, Ohio. Its 'Miracle Trap' became a standard in the industry and was used exclusively at the 1934 Grand American Handicap - the premier classic trapshooting event.

1934 On May 15, 1934 Remington purchased the Peters Cartridge Company for $2.5 million. The Peters Cartridge Company operated an ammunition facility located in Kings Mill, Ohio.

On June 1, 1934 the assets and business related to the sale and manufacture of the Parker shotgun were purchased from the Charles Parker Company for $100,000. The Parker Shotgun Company operated a facility in Meriden, Connecticut. This operation was later closed and the Parker shotgun production moved to the Ilion plant.

History from Wikipedia, company press information and OldCompany.com (old stock certificate research service).