| Type | Preferred |
|---|---|
| Nominal | 100 US-$ |
| Place of Issue | Pennsylvania, United States of America |
| Date of Issue | 19. c. (1871-1899) |
| Printing Firm | American Bank Note Company |
| Language | English |
| Year of Acquisition | 2025 |
| Condition | VF |
Description
The W. J. McMahan Sugar Refining Company was incorporated in 1892. Substantially the assets were a refinery with a wharf in Philadelphia which had been established by W. J. McMahan. This refinery was one of three “independent” refineries that existed alongside the “Sugar Trust” but colluded closely - which meant that it would align production quantity and benefit from transportation rates equal to that of the trust. In 1920 all assets wer takn over by the W. J. Mc Cahan Sugar Refining & Molasses Company. By 1938 the company was controlled by the Rionda family. The company sugar was marketed under the “Sunny Cane” brand. In 1944 all assets were sold to American Sugar Refing (the then corporate identity of the sugar trust).
Typical certificate. Vignette of the refinery on the waterfront. The certificate probaly dates from the 1890s when the company was incorporated - the low archive number of "5648" is consistent with that. Punchholes. Stamped "Specimen".