Pair of Hudson River Railroad Stock Transfers signed by Jacob Little - 1864 and 1865 Autographed Stock Certificates

 

Jacob Little was one of the old members of the Stock Exchange during the Era of "fogyism" in the street. He made and lost nine fortunes using speculative methods. One famous venture involved option selling of large blocks of Erie Railroad stocks to manipulate the market. The Erie Board formed a pool to "corner" Little in an attempt to ruin him. One hour before the options expiration, Little exchanged Erie Bonds and triumphed. His convertible bond trick led to the sixty day option rule.