American Express Company Stock Certificate

Currency:USD Category:Coins & Paper Money / Stock & Bond - Financial Institutions Start Price:300.00 USD Estimated At:0.00 - 0.00 USD
American Express Company Stock Certificate
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American Express Company, #2683 for 25 shares to A Stone of Cleveland, Ohio. Signed by Fargo and Wells. Amasa Stone was a contractor, railroad manager, financier, and philanthropist. He apprenticed in construction, and worked with his brother-in-law Wm. Howe to perfect the Howe truss bridge, buying the patent rights in 1842 and eventually constructing hundreds of bridges using his own improved design. After building the Cleveland-to-Columbus spur of the Cleveland, Columbus & Cincinnati Railroad, in 1851 Stone came to Cleveland to superintend the road and build the Cleveland, Painesville & Ashtabula. By 1852, he was a director of both roads; by 1857, he was president of the CP&A. He built or directed other railroads, including the Lake Shore and Michigan Southern Road, taking part of his pay in stock, then investing his wealth as a major stockholder in Cleveland Rolling Mill and related mills throughout the country, as well as in several banks. On December 29, 1876, a Lake Shore Rd. Howe truss bridge collapsed at Ashtabula, plunging a train into a ravine, killing 92. An investigation implicated Stone who, ignoring engineers, had used an overly long span. The road's chief engineer, Charles Collins, committed suicide. On 11 May 1883, after several steel mills he controlled failed, Stone also committed suicide. [Encyclopedia of Cleveland] (Prag collection) City: State: New York Date: 1866 ID# 33060