Missouri, Kansas & Texas Railway Co. Stocks, One Signed - Oct 31, 2021 | Holabird Western Americana Collections In Nv
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Missouri, Kansas & Texas Railway Co. Stocks, One Signed

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Missouri, Kansas & Texas Railway Co. Stocks, One Signed
Missouri, Kansas & Texas Railway Co. Stocks, One Signed
Item Details
Description
Lot of 2: 1) No. B12246, issued for 100 shares to Van Deventer & Patton on January 5,1881. Signed by Jay Gould as president; 2) No. A40657, issued for 10 shares to L. H. Niles. Signed by George J. Gould. Punch cancelled signatures. Signed again by Gould on the reverse, and the signature is intact. One Green and one purple border, black print, and livestock vignette. Discoloration around borders. Jay Gould (1836-1892) is known as one of the "robber barons" of the Gilded Age. His career in railroad and stock speculation began in 1859. Gould & Fisk were also implicit in what is known as Black Friday (1869). Their plan was to buy enough gold to drive the price of gold way up, then forcing wheat farmers to sell their supply which would provide increased freight service for Gould's Eastern railroads. Gould even used President Ulysses S. Grant's brother-in-law, Abel Corbin, to try and influence Grant and his cabinet. When the premium over face value on a gold Double Eagle fell from 62 percent to 35 percent, it caused a panic in the financial markets (Black Friday). While Gould & Fisk made a small amount of money from the deal, Gould eventually lost it with lawsuits and the scandal tarnished his image with the public. After leaving the Erie Railway, Gould turned his eye toward Western railways. He took control of Union Pacific in 1873 and was also involved in the Missouri Pacific Railroad and Western Union, greatly increasing his wealth. He died in 1892 from tuberculosis.
Date: 1881
Country (if not USA):
State: Missouri
City:
Provenance: Ken Prag Collection
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Missouri, Kansas & Texas Railway Co. Stocks, One Signed

Estimate $600 - $1,000
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Starting Price $300

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Holabird Western Americana Collections

Holabird Western Americana Collections

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