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Auction: 20128 - Bonds and Share Certificates of the World e-Auction
Lot: 635

(x) U.S.A.: Lake Torpedo Boat Company, $10 preferred stock, Bridgeport 19[16], #1737, signed by Simon Lake as Vice President, eagle at top, gold and black, cancelled. Simon Lake always had a fascination with undersea travel and he built his first submarine torpedo boat for the US Navy in 1894. He sold later submarines to Imperial Russia in 1904 and because the US navy rejected his designs he sold them to the Russian, German and Austro-Hungarian Navies. On his return to the USA he formed this company to build 26 submarines for the US Navy. Following WWI most Navies shrunk and his company got into financial difficulties and closed in the mid 1920's. GVF.

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Starting price
£30