1898 Revenues: Cancels: Baltimore Stock Brokers

Showing posts with label Cancels: Baltimore Stock Brokers. Show all posts

Tuesday, December 24, 2024

Baltimore Stock Brokers: S. Sterrett McKim

S. McKIM & CO.

DEC

1899

BALTO. MD.

S. Sterrett McKim also held a seat on the New York Stock Exchange through 1900.

I haven't found much collateral material from Mr. McKim save for a society page notice showing the triumph of hope over fact in his life.

from The Alexandria Gazette, July 5, 1904:

Sunday, December 22, 2024

Baltimore Stock Brokers: Carroll, Elder & Company

CARROLL, ELDER & CO.

MAR

1900

BALTIMORE

from United States Investor, October 13, 1900

Saturday, December 21, 2024

Baltimore Stock Brokers: H. A. Orrick

H. A. Orrick.

JUN -7 1899

H. A. Orrick.

OCT -3 1899

Most of the trading at the Baltimore exchange was in local stocks, particularly utilities, and in much smaller values per trade than the NYSE. Consequently, the the lower value battleship stamps are a good place to look for Baltimore broker cancels.

Baltimore-based stock broker H. A. Orrick was the Vice President of the Baltimore Stock Exchange when these stamps were canceled. In 1903, Orrick was elected to succed the recently deceased Derrick Fahnestock as president of the exchange, a role he held until 1918.

Thursday, December 19, 2024

Baltimore Stock Brokers: Towards a Comprehensive List for the 1898 Tax Period

Another broker list! This time for the Baltimore Stock Exchange, which had a much smaller contingent of brokers relative to the New York and Chicago exchanges, but still provided for stock trades, and consequently, collectible cancels. The Baltimore cancels prove to be much scarcer than NYSE cancels, but can be found with patience and persistence.

I've only found a handfull of these cancels that I've been able to identify for certain, but expect more will turn up as I focus on the names and initials in the list. Like the other exchanges, a comprehensive list will require finding all the lists of members from 1898 to 1902. For now, the 1901 membership is shown below. If a collector can find cancels representative of all the firms and individuals listed below that would be a remarkable collection!

From the 1901 Moody's Manual of Corporation Securities:

Unusual Ink on the 1898 Series Dollar Values

THESE STAMPS ARE BOTH SCOTT R191! From fugitive ink to color changelings with unknown origins. These are both copies of R191. Can only exposure to light produce the color changes you see in stamp on the right? Or possibly a soak in bleach or other chemical? I doubt it. These stamps have so many examples of changelings that there must be something else happening. The ink used on this dark green series of stamps was different than that known on any other BEP printed stamps, never mind the varnish square. It is likely the BEP was experimenting with ink on this issue. Inks are discussed further if you click on the stamps.

Collecting Cancels

Welcome to 1898 Revenues, a website that features the stamps used to pay the Spanish-American war taxes imposed by the US Government starting in July, 1898. But while this site features those stamps in general, a focus is on their cancels, and on the firms that applied them. Unlike US postage stamps, which were canceled by the US Post Office and now Postal Service, revenue stamps were ordered to be canceled by their users in such a way that the identity of the user and the date was included in the cancel. This makes the collecting possibilities nearly endless, so that a single variety of stamp, for example, the 2 cent battleship stamp intended to pay documentary taxes, had potentially millions of different users, and therefore as many different cancels. Please browse the site and discover the collecting possibilities, made so much more accessible now through online sales. Cancels on these stamps have become much more interesting and accessible with the massive amounts of archival and historical data available on line. Rather than hours spent in libraries or with heavy volumes to identify cancels, search engines allow for cancel sleuthing at home.

Battleship Proprietary Printed Cancels: Updating the Joyce/Chappell Lists

In the 1950s, Morton Dean Joyce updated a list of printed cancels on the battleship proprietaries compiled by Clarence Chappell. Joyce's is a very long list consisting of more than one hundred companies and thousands of cancel dates. In the years since Joyce completed his list, many new cancel dates have been demonstrated to exist, and an update of the 1950s list is needed.

This site is attempting that update. Using the Joyce/Chappell lists and the former collection of Henry Tolman (ARA #25) as a base, a gradual effort will be made to post updated lists to the best of my knowledge, making a call for those that can contribute new dates and new images of those cancels.

Following in this column are quick links to excel files of these lists by company. Also are links to the posts that I have made on this blog regarding these companies and their cancels.