NOT SOLD (BIDDING OVER)
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This item WAS NOT SOLD. Auction date was 2010 Jul 12 @ 10:00UTC-04:00 : AST/EDT
Stock certificates from the United States and other countries around the world. Items offered cover a wide variety of collecting topics including automotive, railroads, mining, autographed and much more.
1811, New York. Stock certificate for 10 shares. Issued to James N. Gourlay of Newburg. The bank was incorporated by an act of the state legislature on March 22, 1811. Litho. “Newburgh had five local banks before the Civil War; the first was the Bank of Newburgh, chartered in March of 1811, and for 23 years it remained the only banking institution in the district. The bank expanded quickly to meet the financial needs of a growing commercial population, opening a branch in Ithaca in 1818 which operated for twelve years. So successful was the Bank in making loans "to the westward" that it soon began sending its cashiers and two directors west on business trips to make loans, effect exchanges, and transact other business. Banks at this time were permitted to print their own money, and the designs for the Bank of Newburgh bills included "views of romantic scenery between this place and West Point. In 1935 the name was changed to the National Bank of Newburgh. In 1959 it merged with County National Bank, in 1970 with Empire National Bank, and in 1983 with Bank of New York.” A rare early American banking stock. Pen cancelled and fine.
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