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AMERICAN EXPRESS:AMERICAN EXPRESS
Type of Advertising:Card
Color:Multi-color
Date of Creation:1915
Country/Region of Manufacture:United States
DECEMBER, 1915 ***VERY SCARCE*** ~AMERICAN EXPRESS~ “WHEN YOUR XMAS PACKAGES ARE READY – CALL THE AMERICAN EXPRESS”, U.S ADVERTISING CARD … {{GRAPHIC}} EARLY “DELIVERY TRUCK” AND “PHONE” … BY: AMERICAN LITHOGRAPH COMPANY, N.Y.! (Approximate dimensions: 5 1/2″ x 3 1/2″). Very crisp and clear print with great early graphics! ___________________________________________________________________________________________________________American Express CompanyHeadquarters at the American Express TowerTypePublicTraded asNYSE: AXPDJIA componentS&P 100 componentS&P 500 componentIndustryBankingFinancial servicesPredecessorLivingston, Fargo & CompanyWells, Butterfield & CompanyWells & CompanyFoundedMarch 18, 1850; 173 years ago, in Buffalo, New York, U.S.Headquarters200 Vesey Street Manhattan, New York City, NY10285 United StatesArea servedWorldwideKey peopleStephen J. Squeri (Chairman & CEO) Jeffrey C. Campbell (Executive VP & CFO)ProductsCharge cards Credit cards Traveler’s cheques Corporate bankingServicesFinance Insurance TravelRevenue US$50.68 billion (2022)Operating income US$10.69 billion (2022)Net income US$9.59 billion (2022)Total assets US$228.35 billion (2022)Total equity US$24.71 billion (2022)Number of employees77,300 (December 2022)Websiteamericanexpress.comFootnotes / references [1][2][3][4]American Express Company (Amex) is an American multinational financial services corporation that specializes in payment cards. Headquartered in New York City, it is one of the most valuable companies in the world and one of the 30 components of the Dow Jones Industrial Average.[5][6] The company’s logo, adopted in 1958, is a gladiator or centurion, whose image appears on the company’s well-known traveler’s cheques, charge cards, and credit cards.[7] It is based in the American Express Tower, located in the Battery Park Cityneighborhood of Lower Manhattan, where it maintains its corporate offices. The company is the largest provider of traveler’s cheques worldwide.[8]Founded in 1850 as an express maildispatcher, the company introduced financial and travel services to clientele during the early 1900s. American Express developed their first paper charge card in 1958, gold card in 1966, green card in 1969, platinum card in 1984, and centurion card in 1999. The “Don’t Leave Home Without It” ad campaign was introduced in 1975 and renewed in 2005. During the 1980s, the firm invested and divested in the brokerage industry, through a stake in Shearson Lehman Hutton.[9] In the 1990s, they discontinued cutting interchange fees for merchants who exclusively accepted their cards and expanded their market share through targeted marketing campaigns. They converted into a bank holding company during the 2008 financial crisis. The firm launched their airport lounge amenity in 2013.American Express accounts for 22.9% of the total dollar volume of domestic credit card transactions (as of 2016) with 56.4 million cards in force in the U.S. and 121.7 million cards globally (as of 2021).[10] The average cardholder spends $23,496 annually.[2] In 2017, Forbes named American Express the most valuable brand in global financial services, and 23rd overall, with an estimated brand value of US$24.5 billion.[11] In 2020, Fortune magazine placed the company ninth in their list of Top 100 Companies to Work For feature, based on an employee survey of satisfaction.[12]Early historyShare of the American Express Company, 1865In 1850, American Express was started as an express mail business in Buffalo, New York.[13] It was founded as a joint-stock corporation by the merger of the express companies owned by Henry Wells (Wells & Company), William G. Fargo (Livingston, Fargo & Company), and John Warren Butterfield (Wells, Butterfield & Company, the successor earlier in 1850 of Butterfield, Wasson & Company).[3] Wells and Fargo also started Wells Fargo & Co. in 1852 when Butterfield and other directors objected to the proposal that American Express extend its operations to California. American Express initially established its headquarters in a building at the intersection of Jay Street and Hudson Street in what was later called the Tribeca section of Manhattan. For years it enjoyed a virtual monopoly on the movement of express shipments (goods, securities, currency, etc.) throughout New York State. In 1874, American Express moved its headquarters to 65 Broadway in what was becoming the Financial District of Manhattan, a location it was to retain through two buildings.[14]An advert from 1890 featuring a watchdog on an American Express shipping trunkIn 1854, the American Express Co. purchased a lot on Vesey Street in New York City as the site for its stables. The company’s first New York headquarters was an 1858 marble Italianate palazzo at 55–61 Hudson Street, which had a busy freight depot on the ground story with a spur line from the Hudson River Railroad. A stable was constructed in 1867, five blocks north at 4–8 Hubert Street. The company prospered sufficiently that headquarters were moved in 1874 from the wholesale shipping district to the budding Financial District and into rented offices in two five-story brownstone commercial buildings at 63 and 65 Broadway that were owned by the Harmony family.[15]In 1880, American Express built a new warehouse behind the Broadway Building at 46 Trinity Place. The designer is unknown, but it has a façade of brick arches that are reminiscent of pre-skyscraper New York. American Express has long been out of this building, but it still bears a terracotta seal with the American Express Eagle.[16]: 23 In 1890–91 the company constructed a new ten-story building by Edward H. Kendall on the site of its former headquarters on Hudson Street. By 1903, the company had assets of some $28 million, second only to the National City Bank of New York among financial institutionsin the city. To reflect this, the company purchased the Broadway buildings and site.[15] At the end of the Wells-Fargo reign in 1914, an aggressive new president, George Chadbourne Taylor (1868–1923), who had worked his way up through the company over the previous thirty years, decided to build a new headquarters. The old buildings, dubbed by The New York Times as “among the ancient landmarks” of lower Broadway, were inadequate for such a rapidly expanding concern.After some delays due to the First World War, the 21-story neo-classical American Express Co. Building was constructed in 1916–17 to the design of James L. Aspinwall, of the firm of Renwick, Aspinwall & Tucker, the successor to the architectural practice of the eminent James Renwick Jr. The building consolidated the two lots of the former buildings with a single address: 65 Broadway. This building was part of the “Express Row” section of lower Broadway at the time. The building completed the continuous masonry wall of its block-front and assisted in transforming Broadway into the “canyon” of neo-classical masonry office towers familiar to this day.[16]: 22 American Express sold this building in 1975, but retained travel services there. The building was also the headquarters over the years of other prominent firms, including investment bankers J.& W. Seligman & Co. (1940–74), the American Bureau of Shipping, a maritime concern (1977–86), and later J.J. Kenny, and Standard & Poor’s, the latter of which renamed the building for itself.[15][16]: 22 National expansionAmerican Express extended its reach nationwide by arranging affiliations with other express companies (including Wells Fargo – the replacement for the two former companies that merged to form American Express), railroads, and steamship companies.[14] In 1857, American Express started its expansion in the area of financial services by launching a money order business[14] to compete with the United States Post Office’s money orders. Sometime between 1888 and 1890, J. C. Fargo took a trip to Europe and returned frustrated and infuriated. Despite the fact that he was president of American Express and that he carried with him traditional letters of credit, he found it difficult to obtain cash anywhere except in major cities. Fargo went to Marcellus Flemming Berry and asked him to create a better solution than the letter of credit. Berry introduced the American Express Traveler’s Cheque which was launched in 1891 in denominations of $10, $20, $50, and $100.[17]Traveler’s cheques established American Express as a truly international company. In 1914, at the onset of World War I, American Express in Europe was among the few companies to honor the letters of credit (issued by various banks) held by Americans in Europe, because other financial institutions refused to assist these stranded travelers. The British government appointed American Express its official agent at the beginning of World War I. They were to deliver letters, money, and relief parcels to British prisoners of war. Their employees went into camps to cash drafts for both British and French prisoners and arranged for them to receive money from home. By the end of the war they were delivering 150 tonnes of parcels per day to prisoners in six countries.[18]Railroad express businessAn American Express branch in 1974American Express was one of the monopolies that President Theodore Roosevelt had the Interstate Commerce Commission (ICC) investigate during his administration. The interest of the ICC was drawn to its strict control of the railroad express business. However, the solution did not come immediately to hand.[14] The solution to this problem came as a coincidence to other problems during World War I. During the winter of 1917, the United States suffered a severe coal shortage and on December 26 President Woodrow Wilson commandeered the railroads on behalf of the United States government to move federal troops, their supplies, and coal. Treasury Secretary William Gibbs McAdoo was assigned the task of consolidating the railway lines for the war effort. All contracts between express companies and railroads were nullified and McAdoo proposed that all existing express companies be consolidated into a single company to serve the country’s needs. This ended American Express’s express business and removed them from the ICC’s interest. The result was that a new company called the American Railway Express Agency formed in July 1918. The new entity took custody of all the pooled equipment and property of existing express companies (the largest share of which, 40%, came from American Express, who had owned the rights to the express business over 71,280 miles (114,710 km) of railroad lines, and had 10,000 offices, with over 30,000 employees). In 1966, American Express introduced the Gold Card.[19]American Express formed a venture with Warner Communications in 1979, called Warner-Amex Satellite Entertainment, which created MTV, Nickelodeon, and The Movie Channel. The partnership lasted only until 1984. The properties were sold to Viacom soon after. ___________________________________________________________________________________________________________ We strive to find rare and unusual vintage pieces to match up with your special collection. Returns are readily accepted is the item(s) is the same as described. Item(s) must be in the exact condition as delivered. Buyer pays return shipping. Items $30.00 or more will be shipped with tracking. Items $200.00 or more will be shipped with insurance. Combined shipping discount for multiple purchases (Please wait for us to send invoice for 2 or more items). Please feel free to contact us with any questions or concerns. Be sure to check out our “ever changing” inventory of vintage postage stamps, covers, postal cards, billheads, letterheads, stock certificates, bank checks, railroad and steamship ephemera, Civil War ephemera, World War I ephemera, World War II ephemera, Korean War ephemera, Vietnam War ephemera, promissory notes, automotive ephemera, fraternity ephemera, circus ephemera, jeweler and pocket watch ephemera, sports ephemera, vintage matchbooks, military memorabilia, badges, medals, pins and ephemera, vintage coins, vintage worldwide banknotes, vintage tokens, historical memorabilia and ephemera, vintage pens and pencils plus many other special items we can pass onto our customers. Empire Stamp Company INTERNATIONAL SHIPPING:USPS FIRST CLASS MAIL INTERNATIONAL/FIRST CLASS PACKAGE INTERNATIONAL SERVICE. DELIVERY TIMES WILL VARY BY LOCATION FOR INTERNATIONAL BUYERS.
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