18__ Alden Type Setting & Distributing Machine Co Stock Certificate. Nifty unissued scripophily document with vignette of company's typesetting machine and portraits of the founders, Timothy and Henry Alden. In 1857 Timothy Alden of New York was granted a patent for a typesetting machine. This was the first successful typesetting machine. The type was arranged in cells around the circumference of a horizontal wheel. As the wheel revolved, several receivers also started to rotate. The desired type was picked up and dropped in proper order in a line. This antique stock certificate is in EF condition.