NOT SOLD (BIDDING OVER)
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This item WAS NOT SOLD. Auction date was 2010 Jul 12 @ 10:00UTC-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.
1898, Territory of Montana. Stock certificate for one share. Green. Signed as President by Charles S. Mellen (1851-1927). President of the Northern Pacific Company and New Haven Railroad from 1903 to 1913. Close personal friend of J.P. Morgan. President, Charles S. Mellen, who was installed in the job in 1903, was hand picked by Morgan. He came to the New Haven from a position as President of the Northern Pacific Railroad. In that position, he had taken a moribund and bankrupt railroad and turned it into a profitable property. On the Northern Pacific, he had shown the kind of dynamic leadership that Morgan wanted for the New Haven, which he apparently considered as his favorite among the several railroads his syndicate controlled. Mellen strongly believed that the way to profits lay in consolidation. Punch cancelled and excellent.
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