West India Sugar Finance Corporation
Subscription Warrant | June 14, 1919 | One piece| Type | Subscription Warrant |
|---|---|
| Security Number | 3096 |
| Represented Quantity | 1 |
| Place of Issue | Connecticut, United States of America |
| Date of Issue | June 14, 1919 |
| Printing Firm | American Bank Note Company |
| Language | English |
| Year of Acquisition | 1992 |
| Condition | EF |
Description
The West India Sugar Finance Corporation was set up in 1913 to finance, develop and supervise Cuban sugar companies. Amongst others it financed the Palma Sugar Company and took control of it when it was unable to bear its debt burden in 1918. In 1924 it was dissolved and its preferred stock was exchanged for preferred stock of the Cuban Domincan Sugar Company which effectively succeeded it. It belonged to the sphere of influence of the National Sugar Refining Company.
Fractional warrant for subscription to securities issued by the West India Sugar Finance Corporation. Quite decorative for a warrant with a vignette depicting a harvesting scene. Issued to J. Adolph Mollenhauer - the Mollenhauer refinery was one of the refineries that formed the National Sugar Refining Company in 1900.
Most quirky instrument. It entitled the holder to subscribe proportionately to all and any securities issued by the Westindia Sugar Finance Corporation from 1919 to 1929. J. Adolph Mollenhauer must have had 500 US-$ in a 1919 bond of the company which gave him this half warrant….