This scrip certificate is a particularly rare and interesting scripophily document. Scrips represented fractional shares, here a fraction equivalent to $2, generally resulting from stock-split or shareholder-distribution operations. They did not confer the same rights as a full share but could be combined or exchanged. The holder, Miss Helene Mignault, is a French-Canadian national residing in New York, illustrating the close financial ties between the Franco-Canadian communities of the American Northeast and Quebec's industrial companies.