^Lot 568 Smith Barney, Harris Upham & Co. inc. Specimen Sto

DE. 1976. Specimen. 2 different stock certificates. 1). Odd shs, Non-Voting Class B Common, orange. 2) Odd shs, Voting Class B Common, blue. Rare stock certificates. Charles D. Barney was a son-in-law of Jay Cooke. Charles Barney, founded his firm in 1873. Edward B. Smith, started his in 1892. Smith ran short of cash during the 1937 Wall Street slump and, in order to remain in the underwriting business, merged with Barney at the end of the year to form Smith, Barney & Co. In October 1976 Barney merged with another old-line investment firm, Harris, Upham & Co. SBHU Holdings was renamed Smith Barney Inc. in 1982. In June 1987 Smith Barney was sold to Primerica Corp., a diversifid financial-service company, for $750 million. Primerica agreed in August 1988 to be acquired by Commercial Credit Group, Inc., whose president, Sanford I. Weill, immediately replaced Smith Barney's president with a close associate of his, Frank G. Zarb. (Commercial Credit was renamed Primerica in early 1989). In March 1993 Primerica acquired the domestic retail-brokerage and asset-management businesses of Shearson Lehman Brothers Holdings Inc. for about $2.1 billion and combined it with Smith Barney, Harris Upham & Co. to form a new firm named Smith Barney Shearson, Inc. Primerica Corp. merged with Travelers Corp. at the end of 1993 and, still under Weill's direction, changed it's name to Travelers Inc. It became Traverlers Group Inc. in 1995. In 1997, Smith Barney Holding Inc., the brokerage arm of Travelers Group, is combined with Salomon Inc. to form Salomon Smith Barney Holdings Inc. In 1998, all Citicorp and Travelers Group divisions merge to become Citigroup Inc. ABNC.