MATSON NAVIGATION COMPANY Stock 1948. CA. Inc. 1901 Hawaiian Islands Ships. VF++

Description

Matson Navigation Company
. Stock issued April 12,
1948. Incorporated February 9, 1901 in the State of California.
Embossed company seal lower center. Certificate
No. 9202
was issued to Elizabeth T. Kent for 100 shares of capital stock (no par value). Capital stock was
1,850,000 shares
without par value. Hand signed by company vice president and secretary. Certificate is about 8” x 11.5”. Black print with green overprint.
Vignette with a two-masted ocean sailing ship - "Brigantine Lurline - 1887 - First of the Matson Fleet" printed above vignette..
Matson Navigation Company was founded in 1882 to provide Pacific-wide shipping services, mainly to and from the Hawaiian Islands. Matson is credited with introducing mass tourism to Hawaii with the opening of the historic Moana Hotel and the Royal Hawaiian Hotel in Waikiki on the Island of Oahu. William Matson (1849 – 1917) was the founder of the Matson Navigation Company. He was born in Sweden and arrived in San Francisco after a trip around Cape Horn in 1867. Working aboard the Spreckels family yacht, he struck up a friendship with tycoon Claus Spreckels, who financed many of Matson's new ships. In 1882 the three-masted schooner Emma Claudina ran to the Hawaiian Islands. The enterprise began in the carrying of merchandise, especially of plantation stores, to the islands and returning with cargoes of sugar. This led to gradually expanding interests at both ends of the line. In 1887, Captain Matson sold the Emma Claudina and acquired the 150-foot brigantine Lurline from Spreckels – this was the first of several famous Matson vessels to bear the Lurline name.
Increased commerce brought a corresponding interest in Hawaii as a tourist attraction, which soon prompted the construction of the Moana Hotel in 1901. More steamships continued to join the fleet. When Captain Matson died in 1917, the Matson fleet comprised 14 of the largest, fastest and most modern ships in the Pacific passenger-freight service. The decade from the mid-1920s to the mid-1930s marked a significant period of Matson expansion. In 1925, the company established Matson Terminals, Inc., a wholly owned subsidiary, to perform stevedoring and terminal services for its fleet. With increasing passenger traffic to Hawaii, Matson built a world-class luxury liner, the Malolo, in 1927. At the time, Malolo was the fastest ship in the Pacific, cruising at 22 knots. Its success led to the building of the luxury liners Mariposa, Monterey and Lurline between 1930 and 1932. Matson's famed "white ships" were instrumental in the development of tourism in Hawaii. In addition, beginning in 1927, with the construction of the Royal Hawaiian Hotel, Matson's Waikiki hotels provided tourists with luxury accommodations both ashore and afloat.
Condition:  Very Fine++
, very light folds, very minor creasing, no tears, light signs of wear/handling/toning (see photos), punch and stamp cancelled.
Printer:
Western Bank Note & Eng. Co., Chicago - Western Division of American Bank Note Co.
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