Raquette Lake Railway Co. signed by William Seward Webb - 1913 dated Autograph Railroad Stock Certificate
Inv# AG1795
Stock
Stock signed by Wm. S. Webb as president. Portrait and biography included. William Seward Webb (January 31, 1851 – October 29, 1926) was a businessman, and inspector general of the Vermont militia with the rank of colonel. He was a founder and former president of the Sons of the American Revolution. Webb was born on January 31, 1851, to James Watson Webb and Laura Virginia (née Cram) Webb (1826–1890). Among his many siblings was Alexander Stewart Webb, who was a noted Civil War general who married Anna Elizabeth Remsen; Henry Walter Webb, also a railway executive who married Amelia Howard Griswold; and George Creighton Webb, a Yale Law School graduate and attorney in New York with Saunders, Webb & Worcester who did not marry.
He studied medicine in Vienna, Paris and Berlin. Returning to America, he entered the Columbia University College of Physicians and Surgeons and graduated from there in 1875. In 1881, he married Eliza Osgood Vanderbilt, the daughter of William Henry Vanderbilt. For several years Webb practiced medicine; then forsook the profession for finance at the behest of his wife's family, establishing the Wall Street firm of W. S. Webb & Co. In 1883, Webster Wagner, the president of the Wagner Palace Car Company, was crushed between two of his own railroad cars. William Vanderbilt owned a controlling interest in the company, and asked his new son-in-law to take over the firm. William Seward invited his brother H. Walter Webb to join him, which started them both on careers in the railroad business. The Wagner Palace Car Company was subsequently merged with the Pullman Company. Read more at https://en.wikipedia.org/wiki/William_Seward_Webb
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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