This item is an extremely rare American Bank Note Company working proof for a Mellon Bank Corporation registered debenture bond.
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 Mellon Bank) 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:
Mellon was founded in 1869 by Thomas Mellon (pictured on the proof) and his sons Andrew W. Mellon and Richard B. Mellon, as T. Mellon & Sons' Bank. In 1902, the institution became Mellon National Bank.
Mellon Bank was the driving force behind the vast majority of the mass production revolution, especially in the Midwestern United States. The Mellon family using the bank as a proxy had direct involvement with founding the modern aluminium, oil, consumer electronics and financial industries. Alcoa, Gulf Oil
), Westinghouse (now CBS Corporation
and Siemens) and Rockwell
, all were directly founded and managed by the bank. U.S. Steel
(the world's first billion dollar corporation), Heinz
, General Motors
, Koppers and ExxonMobil
(as Rockefeller's Standard Oil
) were born and nurtured by Mellon.
In 1920 Andrew left his leadership post of the bank to become the longest serving U.S. Treasury Secretary in history (serving under three separate administrations).
In 1929, Richard founded Mellbank Corporation. In 1946, Mellon National, Mellbank, and the Union Trust Company merged to form Mellon National Bank and Trust Company.
A reorganization in 1972 brought about a name change to Mellon Bank, N.A. and the formation of a holding company, Mellon National Corporation.
On July 1, 2007, Mellon merged with Bank of New York to become The Bank of New York Mellon. Headquarters of the new company were located in New York. At the time, it is the world's largest securities servicing firm and one of the world's top ten asset managing firms. - from: www.wikipedia.org
State Affiliations: PA-Pennsylvania
See Additional American Bank Note Company Proofs