This item is an extremely rare American Bank Note Company working proof for a Litton Industries registered note.
Working proofs were used during the American Bank Note pre-production process. Each piece details the intricacies of the old fashioned cut-and-paste method in which the designs were developed. The proof was subsequently circulated amongst American Bank Note Company officials and the executives of the customer (in this case Litton Industries) for editing and approval. The markings from this process are evident on the layers of the proof and the distribution board as detailed by the images below. Once the approval and editing process was completed, the mass production of the certificate occurred for distribution to eventual shareholders. This unique item offers a glimpse into the bank note approval and printing process.
Working proof (1 piece), mounted on a cardboard backing.
This item is presented on an oversized, rigid hard board that measures 12 1/2" (w) x 9 (h).
The main proof (pictured above) is a xerox of an original specimen, and is covered by a clear layer (tissue sheet) with the working markings from the editing process. Other original markings appear directly on the proof sheet.
The outside of the cardboard backing also contains approval notations as shown below:
Charles Litton Sr., a radio enthusiast and engineering student at Stanford University, started Litton Industries in 1934. Stanfords engineering dean at the time, Frederick Terman, was modeling his programs after those of MIT, and wanted to create a West Coast version of that venerable institution. So he encouraged his students to be innovative, and to start their own businesses.
Charles Litton started his with a device he used to mass-produce radio tubes, but he did not stop there. His company was soon working with Raytheon
to develop better ways for radar to detect submarines and airplanes, helping England defend itself against the bombing raids of the Germans and soon helping all the Allies find and destroy submarines before they managed to attack Allied forces.
At this time, Litton encountered Charles Bates Tex Thornton, a civilian planner in the Pentagon who worked closely with the electronics contractors of the time. Tex later moved into the private industries, working as an industrial planner for Ford Motors
and for Howard Hughes Hughes Aircraft Company and Hughes Tool Company.
However, Tex wanted to do his own thing. He started his own company, named Electro Dynamics Corporation, in 1953, then within a year bought out Litton Industries and adopted its name as his blanked company name. Tex Thornton had a genius for expanding companies, as well as all the right connections in the government and military at exactly the right time: the start of the Cold War. He quickly expanded the electron-tube manufactory of Litton Industries into a diversified and multinational company, beefing up his research arm and following up thousands of innovative ideas. Early developments were the Litton microwave oven, used primarily in an industrial context, and the Royal and Triumph electronic typewriter. However, most of the developments of Litton Industries were geared toward the military. Litton Industries acquired Ingalls Shipbuilding Company in 1962, and International Laser Systems, Inc., in 1983.
Litton Industries invented and developed hundreds of different products for the military, including navigational electronics, computing equipment, electronic warfare equipment, and communications systems. Eventually, they held major shipyards and major contracts to build naval vessels. While building these ships, they installed their navigational systems, guidance and control for the ship and for its weaponry, electronic warfare and command centers in the bridge, and many other things.
By 1990, Litton Industries was a primary builder of large surface multi-mission combat ships for the US Navy. They were also providing much of the Navys overhaul, repair, modernization, ship design, and engineering as well, all for surface ships.
By the early 1990s, Litton Industries was too large to manage as one unit. It split into separate military and commercial companies. The military arm continued to be called Litton Industries. The commercial business, which included oilfield services, business and automated assembly line operations, was renamed Western Atlas Inc.
In April 2001, Northrop Grumman Corporation
acquired Litton Industries for about 3.6 billion dollars. - from: www.wikipedia.org
State Affiliations: CA-California
See Additional American Bank Note Company Proofs