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Great Northern Paper Co. - Specimen Stock Certificate - Specimen Stocks & Bonds

Description: Specimen Stock printed by American Bank Note Company. Great Northern Paper Company was a Maine-based pulp and paper manufacturer that at its peak in the 1970s and 1980s operated mills in Arkansas, Georgia, Maine, and Wisconsin and produced 16.4% of the newsprint made in the United States. The company was acquired by Georgia-Pacific Corporation in 1990. Its name was revived in 2011 when private equity firm Cate Street Capital acquired Great Northern's original Maine mills. The company got its start when the Maine legislature authorized Charles W. Mullen to form a water power company on the West Branch Penobscot River. Mullen had observed the 110-foot (34m) drop of the West Branch Penobscot River at Grand Falls in 1891 while surveying a route for the Bangor and Aroostook Railroad. He later worked with Garret Schenck, part owner of the Rumford Falls Paper Company, to build a paper mill in Millinocket, Penobscot County, Maine on the river. Schenck formed the Northern Development Company in 1897. The Millinocket plant produced its first roll of newsprint on 9 November 1900. A second mill in Madison opened in 1906. A third one opened in East Millinocket in 1907, which also had its own dam and hydroelectric facility. Financiers of the corporation included Oliver Payne and William Collins Whitney. When the Millinocket Mill opened it was the world's largest paper mill, producing 240 tons/day of newsprint, 120 tons/day of sulfite pulp, and 240 tons/day of groundwood pulp. It was the first paper mill to have an electrical generation and distribution facility built into the plant. The company's innovations included a pulpwood grinding machine still known throughout the paper industry as Great Northern grinders Item ordered may not be exact piece shown. All original and authentic.

Price: 51 USD

Location: Portsmouth, New Hampshire

End Time: 2024-08-14T17:18:25.000Z

Shipping Cost: 6.25 USD

Product Images

Great Northern Paper Co. - Specimen Stock Certificate - Specimen Stocks & Bonds

Item Specifics

Return shipping will be paid by: Buyer

All returns accepted: Returns Accepted

Item must be returned within: 30 Days

Refund will be given as: Money Back

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