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Issued To Henry Clay Frick

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:55.00 USD Estimated At:95.00 - 105.00 USD
Issued To Henry Clay Frick
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1917, Pennsylvania. Stock certificate for 100 shares of The Pittsburgh, Cincinnati, Chicago, and St. Louis Railroad Company. GreenBlack. Engraved vignette of a steam locomotive in upper right corner. Issued to though NOT SIGNED by HENRY CLAY FRICK (1849 - 1919). Steel and coke manufacturer, known as "The Coke King"; Capitalist. At the age of twenty-one, Frick, borrowing money from Judge Thomas Mellon achieved success in the coke business and by the age of thirty had created a net worth of $1,000,000. In 1881, Andrew Carnegie acquired stock in Frick's company, with a split between the two occurring over labor problems in 1887. Two years later, Frick was invited to acquire an interest in the Carnegie Brothers steel company, becoming chairman and reorganizing the business which was in a discouraging state of condition. Twelve years later, he played an essential role in bringing about the sale of the company into the new corporation being formed as United States Steel Corp. The certificate was negotiated after the death of Frick and under his will. Lightly punch cancelled and Excellent condition.