Blue Ridge Corp. - 1930\'s-40\'s dated Stock Certificate - Goldman Hiding Behind G for Sale

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Blue Ridge Corp. - 1930\'s-40\'s dated Stock Certificate - Goldman Hiding Behind G For Sale

$Blue Ridge Corp. - 1930\'s-40\'s dated Stock Certificate - Goldman Hiding Behind G$
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Blue Ridge Corp. - 1930\'s-40\'s dated Stock Certificate - Goldman Hiding Behind G:
$15.00

General Stock.. Great vignette of female figure sitting with lion. Elaborate engraved border. American Bank Note Co. Available in Red, Blue, Orange or Purple. Please specify color. In December of 1928, Goldman, Sachs and Company created the Goldman Sachs Trading Corporation. It sold securities to the public but retained enough common stock for control. The bank issued a million shares at $100 apiece, bought all those shares with its own money and then sold 90 percent of them to the hungry public at $104. The trading corporation then relentlessly bought shares in itself, offerding the price up further and further. Eventually it dumped part of its holdings and sponsored a new trust, the Shenandoah Corporation, issuing millions more in shares in that fund \" which in turn sponsored yet another trust called the Blue Ridge Corporation. In this way, each investment trust served as a front for an endless investment pyramid: Goldman hiding behind Goldman hiding behind Goldman. Of the 7,250,000 initial shares of Blue Ridge, 6,250,000 were actually owned by Shenandoah \" which, of course, was in large part owned by Goldman Trading. The following July the trading corporation, in association with Harrison Williams, launched the Shenandoah Corporation. Securities were similarly sold to the public; a controlling interest remained with the trading corporation. Then Shenandoah, in the last days of the boom, created the Blue Ridge Corporation. The Blue Ridge Corporation was sold in 1936. Read more at Item ordered may not be exact piece shown. All original and authentic.