Troy, Salem, and Rutland Rail Road Company's $1,000 1865 dated Mortgage Bond signed twice by Jay Gould
Inv# AG1111 Autograph
State(s):
New York
Vermont
Vermont
Years:
1865
Just imagine, this bond was issued and signed by Jay Gould as President of this railroad at the age of 29! His signature at front of this 1865 Bond is quite bold but hole cancelled. His signature at back is perfect as he signs with other Trustees. Unusual format bond printed in purple with a typical Civil War style eagle at front. Bond issued for New York and Vermont. Stamp and hole cancelled. Very Fine Condition. A nice portrait of Gould is included. Very Rare!
Jay Gould (1836-1892) Financier. As a youth, was involved in surveying and showed precocious skill in money-making. He began speculating in railroads post 1860. His operations became spectacular when in 1867 with James Fisk he became a director of the Erie Railroad, of which Daniel Drew was treasurer and controlling agent. In the ensuing struggle for control with Cornelius Vanderbilt, Gould supplied the strategic imagination. Defying a court injunction, Gould, Fisk and Drew broke Vanderbilt's attempted corner by flinging 50,000 Erie shares on the market in March 1868. Gould, by lavish bribes, then effected passage of a bill by the New York legislature legalizing the recent issue of Erie stock and forbidding union of the Erie and the New York Central. This all led to the 1869 attempt to corner the gold market, bringing on the disastrous panic of Black Friday (September 24). By 1890 he owned half of the railroad mileage in the Southwest. He was practically full owner of the New York City elevated railways, and controlled the Western Union Telegraph Co.
Condition:
Good
Item ordered may not be exact piece shown. All original and authentic.
Ebay ID: labarre_galleries