ANTIQUE H. A. MACFARLAND INC. STOCK CERTIFICATE BOOK PRESIDENT OF GORHAM SILVER

Description

YOU ARE BIDDING ON A EXTREMELY RARE ANTIQUE H. A. MACFARLAND INC. STOCK CERTIFICATE BOOK  PRESIDENT OF GORHAM SILVER. SEE HISTORY BELOW.
CONDITION IS PRE-OWNED. PLEASE SEE ALL PICTURES FOR OVER ALL CONDITION.
ITEMS LISTED CAN BE SUBJECT TO THE FOLLOWING, WEAR,FADDING, DISCOLORATION,RIPS, TEARS, HOLES, DRY ROT, BROKEN PIECES, MISSING PIECES, SCRATCHES, CRACKS, AND MORE.
SOME ITEMS ARE 100+ YEARS OLD. I WILL DO MY BEST TO LIST IN THE TITLE OR CONDITION BOX ANY FLAWS I SEE. OR IF AN ITEM HAS BEEN TESTED OR UNTESTED. PLEASE
LOOK AT ALL PICTURES BEFORE BUYING ANY ITEM. EVERY ITEM LISTED IS AS IS.
ALL SALES ARE FINAL NO REFUNDS OR RETURNS ACCEPTED. SOME ITEMS WILL ALSO HAVE PROFESSIONAL SHIPPING CHARGES. THANK YOU FOR BUSINESS. AND IF YOU HAVE ANY QUESTIONS FEEL FREE TO
CONTACT ME.
At the meeting of the Board of Directors on Wednesday, John S. Holbrook, who succeeded his father, the late Edward Holbrook, as president of the Gorham Mfg. Co., resigned that position to become chairman of the Board of Directors, a new position that has been created under the plan of reorganization, while Henry A. Macfarland has been elected as president. Alfred K. Potter, of this city, has also resigned as vice-president and director to take effect October 1, 1920. Mr. Holbrook will continue as president of the Gorham Co. of New York and of the Silversmiths Co.
The companies that will be affected by these changes are, in addition to the Silversmiths Co. and the Gorham Mfg. Co., the following concerns: The Gorham Co. of New York; the Mount Vernon Co. Silversmiths, Inc., Mount Vernon, N. Y.; the William B. Durgin Co. of Concord, N. H..; the Whiting Mfg. Co. of Bridgeport, Conn., and the William B. Kerr Co., of Newark, N. J.
The new office of chairman of the Board of Directors was created for the purpose of relieving Mr. Holbrook of the executive details involved in the direction of the company's manufacturing and selling operations, and leaving him free to devote his attention to the broader field of the corporation's finances and the shaping of its policies.
H. A. Macfarland, who succeeds Mr. Holbrook as president of the Gorham Mfg. Co., it was announced, will take the entire direction of the manufacturing and selling departments of the company's business. He was, for several years, president of the Mount Vernon Co. Silversmiths, Inc., of Mount Vernon. N. Y., one of the corporations associated with the Gorham Mfg. Co. in The Silversmiths Co. of New York. Mr. Macfarland has built up the Mount Vernon Co. in a very brief time into a rapidly growing and very prosperous business. As vice-president in charge of production of the Silversmiths Co., the holding corporation in which the Gorham companies and several other silver manufacturing companies are affiliated, his success has been such as to warrant his promotion to the presidency of the Gorham Mfg. Co. He is a director in that corporation as well as in the Gorham Co., the New York selling organization, and is president of the Sterling Silverware Manufacturers' Association.
The resignation of Alfred K. Potter as vice-president and director was accepted by the board of directors, to take effect Oct. 1, 1920. Mr. Potter, who became treasurer of the Gorham Mfg. Co. in 1918, was promoted the following year to the vice-presidency of that corporation and of the Gorham Co. of New York, in both of which he was a director, as well as of the Silversmiths Co. Mr. Potter has been in charge of production in the Gorham Mfg. Co.'s plants.
At the meeting of the directors of the Gorham Mfg. Co. on Wednesday, as well as that of the Silversmiths Co., held thereafter, the report of the committee on reorganization and finance of the latter corporation was received and adopted. This committee consisted of Frank W. Matteson, chairman: John S. Holbrook, William A. Viall, Herbert J. Wells and James S. Utley, and recommended a plan which will eventually eliminate the Silversmiths Co. and make the Gorham Mfg. Co. the "parent" or holding company for the Gorham Co., the Mount Vernon Co. Silversmiths, Inc., the William B. Durgin Co., of Concord, .V. H.; the Whiting Mfg. Co., of Bridgeport, Conn., and the William B. Kerr Co., of Newark, N. J., all of which are now subsidiaries of the Silversmiths Co.
All but the Gorham Co. manufacture in their own plants and sell through their own organizations special non-competitive lines of sterling and plated silver, bronze and other products. The Gorham Co. is the New York retail selling corporation, operating two stores in Manhattan, through which the products of all these companies are marketed locally.