Attractive paper certificate good for five shares of preferred stock in the American Caramel Company.  The preferred stock was likely issued to people associated with the company or early investors with an income stake in the company.  This certificate was issued to one Lizzie J Barron on November 3, 1905, and remains in good condition with some significant wear at the edges.  The piece has been folded into thirds, and displays numerous cancellation hole punches.  An attractive piece, with an obvious connection to all the American Caramel trading card issues.