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This item WAS NOT SOLD. Auction date was 2010 Aug 19 @ 11:00UTC-4 : AST/EDT
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1869, Indiana. Stock certificate for 500 shares of the Indianapolis and Vincennes Railroa Company. . Black. Attached adhesive revenue stamp at left. Signed as president by AMBROSE E. BURNSIDE (1824 - 1881). Union general in the Civil War; U.S. Senator. A West Point graduate, Burnside returned to the military in 1861 upon the outbreak of the Civil War and was appointed colonel of the 1st Rhode Island regiment. Burnside's regiment was one of the first to reach Washington, and this led to his becoming a close personal friend of Lincoln. At Bull Run, Burnside commanded the brigade which opened the battle and, in August 1861, he was commissioned brigadier-general of volunteers. Shortly after the battle of Antietam (Sept. 1862), Burnside was appointed commander of the Army of the Potomac, replacing George McClellan, despite his protestations that he was not fit for that position. Burnside was defeated at Fredericksburg (Dec. 1862), relieved of command, and transferred to the western theater in March 1863. Following an unfortunate incident at Petersburg, Burnside was blamed for the loss of 4,000 troops. Following a Board of Inquiry investigation finding which blamed him, Burnside resigned his commission. After the war, Burnside's leadership capabilities were recognized by private industry, and he was elected to numerous corporate positions. In 1870, while in Europe on business, Burnside became a trusted communications link between the French and Germans, who were at war. Burnside served as Governor of Rhode Island (1875-81) and, in 1884, he was elected to the U.S. Senate, serving in that body until his death. A form of his name has become part of the English language, and specifies the type of beard which he popularized. A few light punch cancellations. A choice example of Burnside on this certificate. . Signature intact. Fine.
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