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Auction: 18016 - Bonds and Share Certificates of the World Online Auction
Lot: 381

USA: Electric Sugar Refining Company, $100 shares, New York 188[8], #3454, arms in centre, olive green and black, English revenue stamp. The company was set up by fraudster Henry Friend who convinced W.H.Cotterill, who signs the certificate that he had perfected a process of sugar refining. Cotterill and US investors put up much of the money whilst more was raised in England. The company was wound up in the cpurts in 1889 when it was realised that Friend 's invention was only in his imagination. VF and scarce.

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Estimate
£50 to £60