MOSCOW. 10 Aktien von 100 Rubel jede. red, black. No 1501-10. Text in Russian and German.The general partnership "Friedr. Bayer et Comp." was founded on August 1, 1863 in Barmen - now a district of the city of Wuppertal - by dye salesman Friedrich Bayer (1825-1880) and master dyer Johann Friedrich Weskott (1821-1876). The object of the company was the manufacture and sale of synthetic dyestuffs, which replaced the rather scarce and expensive natural dyes. The company successfully benefited from the boom of the textile industry. In 1881 Bayer was transformed in a joint stock company called "Farbenfabrikenvorm. Friedr. Bayer & Co". Between 1881 and 1913, Bayer developed into a chemical company with international operations. The creation of a worldwide sales organizations was therefore a decisive factor in the company's continuing development. Bayer had already shipped dyestuffs to many countries in early years. By 1913, 80% of revenues came from exports. It started with foreign subsidiaries with the acquisition of an interest in its first coal-tar dyes factory in Albany, New York. Over the following decades, additional foreign affiliated companies were established in order to secure and expand Bayer's position in important markets. Shortly before World War I, the company maintained subsidiaries in Russia, France, Belgium, the United Kingdom and the United States. There was already a Moscow plant in 1876, but it gained its legal form in 1912. At that time, it employed 400 people and realized a turnover of 2,2 mln. roubles. Bayer's Russian subsidiary was expropriated as aresult of the Russian Revolution. Text in Russian and German. Rare top denomination of 10,000 rbls. Facs. signature of Carl Duisberg, the CEO of Bayer AG.
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