NOT SOLD (BIDDING OVER)
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This item WAS NOT SOLD. Auction date was 2010 Aug 16 @ 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.
1878. Partially Printed Stock Proxy Signed by RUSSELL SAGE [(1816-1906). Banker; Financier; U.S. Congressman.] With red seal affixed. Very Fine As the originator of ""put and call options"", Russell Sage greatly changed the way speculators played the stock market. Among America's most powerful and wealthy bankers, he financed Jay Gould and made a vast fortune on the latter's stock manipulations. According to the Dictionary of American Biography, ""Sage was one of the shrewdest and most conservative of all great financiers."" Founded in 1848 as a joint stock company by a group of New York City merchants, the Pacific Mail Steamship Company, which would later become a charter member of the Dow Jones Transportation Average, met with booming business from its inception due to the discovery of gold in California. Playing a key role in the transportation of people and goods, the company proved instrumental in the growth of San Francisco. In 1867, the company launched the first regularly scheduled trans-Pacific steamship service with a route running from San Francisco to Hong Kong and Yokohama. Eventually extending service to Shanghai, the route further diversified California by bringing in an influx of Japanese and Chinese immigrants to that state. A fine association of an individual and company that proved instrumental to the financial and business history of American and the world.
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