Pennsylvania Co., 1873 Stock Certificate Signed by Thomas A. Scott as President.

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:65.00 USD Estimated At:100.00 - 200.00 USD
Pennsylvania Co., 1873 Stock Certificate Signed by Thomas A. Scott as President.

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Pennsylvania. 112 Shares Common Capital Stock Issued and Cancelled Certificate, Green print on floral border, Company title at top, POC's along bottom, VF-XF condition. The Pennsylvania Company, later known publicly as the Pennsylvania Lines (west of Pittsburgh) was a major holding company. It included the Pittsburgh, Fort Wayne and Chicago Railway, the PRR's main route to Chicago. Thomas Alexander Scott (1823 Ð 1881) was an American businessman, railroad executive, and industrialist. President Abraham Lincoln in 1861 appointed him the U.S. Assistant Secretary of War, and during the American Civil War railroads under his leadership played a major role in the war effort. He became the fourth president of the Pennsylvania Railroad (1874-1880), which became the largest publicly traded corporation in the world and received much criticism for his conduct in the Great Railway Strike of 1877 and as a "robber baron." Scott helped negotiate the Republican Party's Compromise of 1877 with the Democratic Party; it settled the disputed presidential election of 1876 in favor of Rutherford B. Hayes in exchange for the federal government pulling out its military forces from the South and ending the Reconstruction era. In his final years, Scott made large donations to the University of Pennsylvania.