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Thomas T. Eckert signed Saint Paul and Duluth Railroad Co. - Stock Certificate

Inv# AG1543   Stock
Thomas T. Eckert signed Saint Paul and Duluth Railroad Co. - Stock Certificate
State(s): Iowa
Minnesota
Years: 1881

Stock issued to Western Union Tel. Co. and signed on the back by Thos. T. Eckert, Vice President. Portrait and biography of Eckert included.

Thomas Thompson Eckert (April 23, 1825 – October 20, 1910) was an officer in the U.S. Army, Chief of the War Department Telegraph Staff from 1862–1866, United States Assistant Secretary of War from 1866–1867 and an executive at Western Union.

Thomas Thompson Eckert was born April 23, 1825 in St. Clairsville, Ohio. At a young age Eckert became interested in the use of the telegraph and the actions of Samuel F.B. Morse. Reading The National Intelligencer he became fascinated with the proceedings between Morse and Congress in which Morse was granted money to construct an experimental telegraph line. In 1847, after telegraph lines were built from New York to Washington D.C., Eckert decided to travel to New York in order to see the Morse telegraph in action and became an operator with the Morse Telegraph Company. Eckert then returned home to Ohio and learned how to telegraph. When Eckert returned home, he took a job as an operator at the Wade Telegraph Company, which was owned by J.H. Wade. While working as one of Wade's operators in Wooster, Ohio, in 1849 Eckert was appointed local postmaster as well. Eckert combined these two jobs by connecting the telegraph wire to the post office. In 1852, Wade appointed Eckert to superintend the construction of a telegraph line between Pittsburg and Chicago on the Fort Wayne route. The lines under Eckert's management became part of the Union Telegraph Company, and his jurisdiction was substantially enlarged.

Eckert held this position as superintendent until 1859, when he moved to Montgomery County, North Carolina, to manage a gold mine. In 1861, Eckert returned to Ohio to bring his wife, Emma D. Whitney, and his children to North Carolina. But upon returning to the mines, Eckert found he had been accused of being a Northern spy. When his case was heard before a judge, the judge acquitted Eckert due to lack of proof. After the case, Eckert and his family escaped back north to Cleveland with the help of influential friends in 1861.

After arriving in Cleveland, Eckert telegraphed Assistant Secretary of War Thomas A. Scott that his services were available. Eckert was ordered to Washington D.C. and assigned to General George B. McClellan's headquarters as captain and aide-de-camp in charge of military telegraph operations, and accompanied him on the Peninsula Campaign as superintendent of the military telegraph for the Department of the Potomac. His service on the battlefield did not last long because in September 1862 he was sent to Washington D.C. to organize and administer the War Department's military telegraph (a position he held until 1866) with the rank of major. Eckert and fellow telegraphers Charles A. Tinker and Albert Brown Chandler devised ciphers that enabled them to send and receive secret messages, and they became confidential telegraphers for Edwin Stanton and Abraham Lincoln. Eckert was well respected by Secretary of War Stanton and President Lincoln for his organizational skills; they charged him with important missions that went beyond Eckert's formal duties as a telegrapher. In 1864 Eckert was brevetted lieutenant colonel, and in 1865 he received brevets to colonel and brigadier general of volunteers. Later, Stanton went on to appoint him Assistant Secretary of War in 1866, a position Eckert held until 1867.

Eckert resigned as Assistant Secretary of War and established himself as a major figure in the American telegraph industry. His first job after his resignation was managing the eastern division of Western Union. In 1875, he became president of the Atlantic and Pacific telegraph company, and then in 1880, Eckert became president of the American Union Telegraph, Western Union's main competitor. When Western Union and American Union Telegraph merged in 1881, Eckert was named vice president and general manager of the expanded Western Union. Eckert, in his role as vice president, was an integral part of Western Union's management and growth. In 1893, Eckert succeeded Dr. Norvin Green to become president of Western Union. He retired from this position in 1900 to become chairman of the board of directors. Eckert held this position until close to his death on October 20, 1910

Originally incorporated in 1863 and known as the Lake Superior and Mississippi Railroad, the road provided the first service between Duluth and the Twin Cities upon its completion in 1870. Serving as the all-important eastern terminus of the Northern Pacific Railroad, the road linked the Great Lakes and the Mississippi River. A victim of the panic of 1873, the company defaulted on its bonds and was reorganized in 1877 as the Saint Paul and Duluth Railroad. It was absorbed by the Northern Pacific in 1900. These exceptional stocks are beautifully printed by American Bank Note Company. The two Steamships and Locomotive scenes are so very impressive. A fine example of engraving of this Golden Era of Financial Printing.

The St. Paul and Duluth Railroad was reorganized from the Lake Superior and Mississippi Railroad in 1877. It was bought by the Northern Pacific in 1900. Known as the "Skally Line", it operated from Saint Paul to Duluth, Minnesota, with branches to Minneapolis, Taylors Falls, Kettle River, and Cloquet, in Minnesota, and Grantsburg and Superior in Wisconsin.

The line was purchased by the Northern Pacific Railway, which was succeeded by the Burlington Northern and then the Burlington Northern Santa Fe. Most of the line became redundant with other lines after the Burlington Northern merger, as it paralleled another line of the Great Northern Railway. Most of the line therefore was abandoned and many segments were turned into rail trails.

The disposition of those segments is as follows:

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Condition: Excellent

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.

Item ordered may not be exact piece shown. All original and authentic.
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