Exceptionally rare partly-printed DS, one page, 10.25 x 6.5, October 1, 1871. A Stock certificate issued to Lewis S. Hills for five shares of the Zion's Co-Operative Mercantile Institution. Signed at the conclusion by Young as the company's president. In fine condition, with several vertical folds. In 1868, Young founded the Zions Cooperative Mercantile Institution (ZCMI) in an attempt to create a fairer business atmosphere for Mormons in Utah. By banding together and pooling their resources, Morman businesses were able to place orders large enough to deter non-Mormon wholesalers from price gouging, a problem that had plagued the Mormon business community up until that point. As this church-promoted wholesale and retail house grew in strength, all the independent businesses melded into what would become 'America's First Department Store.' This ZCMI Stock Certificate, issued to Lewis S. Hills, bookkeeper for the Zion's Cooperative Banking Institution, is one of only a handful known to exist outside the Mormon Church's archives.
This item is Pre-Certified by PSA/DNA
Buy a third-party letter of authenticity for
$150.00
*This item has been pre-certified by a trusted third-party authentication service, and by placing a bid on this item, you agree to accept the opinion of this authentication service. If you wish to have an opinion rendered by a different authenticator of your choosing, you must do so prior to your placing of any bid. RR Auction is not responsible for differing opinions submitted 30 days after the date of the sale.
We use cookies on this site to improve your experience. By using this site, you accept our use of cookies. To learn more, please see our Privacy Policy.
