LODZ. Share of 5000 roubles. brown, green, yellow. #200. No 43. Very fine large-format share, with text in Russian and Polish. Shows the company's cotton-mill in Lodz (the textile capital of Poland). Very decorative piece, with a border of arabesques. The stamps on the face (not near the vignette) show capital and currency changes up to 1925; these converted this 1 share of 5000 roubles first into 40 shares of 25.000 Polish Marks each (thus 1 certificate = 1 million P.M.) and then to 40 shares of 665 zlotych each (or 26.600 Zloty). These are unusual high denominations, probably because the company was family-owned. Its origin goes back to 1858 when Szaja Rosenblatt, an industrialist of Jewish origin and born in Lodz, established a small cotton mill. After taking over the textile factory of the Brothers Trilling & Isidore Datiner, he established this limited company in the late 1880s. By 1892, the company owned a large industrial estate of 7,6 hectares located in the Lodz city center and had a workforce of some 2800 people. The company's products weregenerally cheap, rather poor quality cotton goods. As a matter of fact, the low quality was so well known that even today the first name of the founder, "siaja" is used locally as a colloquial synonym of poor quality stuff. Yet, the company was successful, and between 1914 and 1920, the dividend accumulated to50%. After the death of its founder in 1921, the company was less well managed and it went bankrupt during the crisis of the 1930s. During the German occupation the remaining machinery was stolen and transported to Germany. The factory buildings were used as a storage place. After 1945, the estate was transferred to the Polytechnic School of Lodz which used it as their first campus. Up till today, some factory buildings have survived their rich history. Only 200 shares issued, and less than 5 are said to have survived (mainly in old Polish collections). Perhaps the most attractive and colourful of all Polish/Russian 19th century shares. Extremely rare.
Startprice: € 4000