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This item WAS NOT SOLD. Auction date was 2010 Aug 19 @ 11:00UTC-4 : 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.
1867, Iowa. Stock certificate for 300 shares in the Cedar Rapids and Missouri River Rail Road Company. Purple. Wonderful multi-vignetted certificate depicting steam locomotives; portrait of John Blair. Litho. Attached adhesive revenue stamp. Issued to and signed twice by John I. Blair, on verso and on front as a Member of the Executive Committee. JOHN BLAIR (1802-1899). Capitalist; Philanthropist; Founder of the Wall Street firm John I. Blair and Company. Joining with Ames and others in getting the charter of the Union Pacific Railroad, Blair personally built the first one hundred miles west from Omaha, having been responsible for the adoption of that route. Blair died with an estimated fortune of $70,000,000, making him one of the wealthiest individuals of his time.The shares were transfered to Charles A. Lambard on the attached stock receipt and signed by Lambard and Oakes Ames. OAKES AMES (1804 - 1873); Capitalist. Ames' well documented involvement with the Credit Mobilier caused one of the greatest political scandals in the nation's history, reaching as high as the Vice-President of the United States. Originally promoted by Thomas C. Durant, the Credit Mobilier was joined by Oakes and Oliver Ames. A split developed two hostile factions, one led by Durant, one by the Ames. Numerous politicians received gifts of stock and Ames fell under intense scrutiny by a Congressional committee. "The statutes required that the Union Pacific stock be paid for in actual cash; but as a matter of fact, it was issued to Ames and other Credit Mobilier men 'who paid for it at not more than thirty cents on the dollar in roadmaking', thus realizing enormous profits. The Credit Mobilier has exemplified the unscrupulous methods of building railroads that were the normal practice of the period 1860-1880. A fine piece signed by this important railroader. Pen and punch cancellations only affecting Blair's signature on front. Glue residue at stub and minor wear at right edge. Fine.
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