Kolster Radio Corporation (Issued to Rudolph Spreckels)

Kolster Radio Corporation (Issued to Rudolph Spreckels)
Item# 4552
$19.00

The Kolster Radio Corporation was formed in 1926 as a merger of several wireless companies. It supplied the radio portion of Columbia radio-phonographs. The Mackay (Postal Telegraph) companies bought all their communication equipment from Kolster, and Kolster supplied a minimum of one-third of the wired radio apparatus used by wired Radio, Inc., a subsidiary of North American Company. The company went out of business in 1931 due to the depression. All of the company's assets were sold in 1931 to ITT for $3,000,000 and a new company called Kolster Radio Inc. was formed.


Certificate: Certificate of Deposit, issued in the 1930s

Printer: Security Bank Note Company

Dimensions: 8 (h) x 11 (w)

State: DE-Delaware

Subject Matter: Sports and Entertainment | Radio and Television Companies

Vignette Topic(s): None

Condition: Vertical fold lines, no cancels, and some toning and edge faults from age.

This certificate is issued to (but not signed by) Rudolph Spreckels, son of sugar magnate Claus Spreckels.

Rudolph Spreckels, the youngest of the Spreckels siblings, led a delegation to meet with President Teddy Roosevelt to complain of San Francisco's graft. Roosevelt made available his "Top G-man," William Burns to lead the investigation into payouts to labor lawyer Abraham Ruef who had installed Musician Union President Eugene Schmitz as his puppet mayor. Spreckels agreed to pick up the $213,000 check for Burns' contract (equivalent to more than $4 million today). A year later the city's entire 19-member board of supervisors would be indicted, Ruef began a seven-year prison term, and Mayor Schmitz would spend a year in jail before getting off on a technicality.





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