DS, one page both sides, 11.5 x 8.25, Federal Telegraph Company letterhead, March 3, 1921. Certificate issued to Laemmle for 100 shares of stock in the Federal Telegraph Company, signed on the reverse in fountain pen by Laemmle. Document has the certificate’s receipt affixed to the left edge. In fine condition, with several vertical folds, cancellation stamps to both sides and a bit of light toning. R&R COA.