Certificate
for four shares of par value $10 in
this New York based bank. Printed signatures of the vice
president and the assistant company secretary. Issued to Thomas
Lynch on 7th June 1933. Green and white certificate
with vignette of lady, two ships and a train
together with imprint of company
seal.
Certificate size is 28
cm wide x 21 cm high (12" x 9"). It will be mounted in a
mahogany frame, with gold inlay, size 40 cm wide x 30 cm high.
The certificate is shown unframed
as all items are mounted to order.
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The Irving Trust Company was founded in 1851.
Since there was not yet a federal currency, each bank issued its own paper
and those institutions with the most appealing names found their
certificates more widely accepted. Some banks, such as the Bank of the
Metropolis, tried the imposing image. Irving selected another route and
named the bank after Washington Irving, an author, diplomat, and lawyer who
had gained an international reputation as America's first man of letters.
His portrait appeared on the bank's notes and contributed to their wide
appeal.
By the turn of the century, Irving began to
acquire nine of the city's many banking institutions such as the New York
Exchange Bank in 1912 and the Mercantile National Bank in 1913. Also in that
year, it relocated to new quarters in the Woolworth Building, which it
occupied until moving to One Wall Street in 1931. Only two other structures
are known to have occupied the site at Wall Street and Broadway, one of
which by coincidence housed the law offices of Washington Irving. Today, The
Bank of New York is the principal subsidiary of The Bank of New York
Company, Inc., one of the largest bank holding companies in the United
States. With over $4.4 trillion in assets under custody, the bank is one of
the largest custodians for institutional and personal assets in the world.
It is the leading issuer of American and global depositary receipts with
more than a 60% market share and is also the leader in corporate trust,
representing over 60,000 issues and more than $600 billion in principal. The
bank is a leading stock transfer agent, handling this function for more than
1,200 corporations and 11 million shareholders. The Bank of New York has the
largest retail branch network in suburban New York, New Jersey and
Connecticut, and it is the largest asset-based lender in Canada, the United
Kingdom and the second largest in the United States. It is one of the
largest lenders to major American corporations and has a long and
distinguished history in the areas of private banking, personal trust and
investment management.