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Fernandina and Jacksonville Railroad Bond signed by E. H. Harriman (Uncanceled)

Inv# AG1010   Bond
Fernandina and Jacksonville Railroad Bond signed by E. H. Harriman (Uncanceled)
State(s): Florida
Years: 1880
Color: Green and Black

Edward Henry Harriman (1848-1909), Self-confident and ruthless, he spared neither friend nor foe if they blocked his plans. He was President of the Union Pacific. He was worth $400 million at the turn of the century. His genius as an administrator made him one of the great railway builders of all time. This 1880 Fernandina & Jacksonville Railroad bond is fully issued, uncanceled, has all 60 coupons, is signed and sealed three times by officers of 2 railroads and a steamboat company. Harriman signs at back with other trustees. Beautifully engraved by American Bank Note and in Superb Condition.

In relation to the Fernandina and Jacksonville Railroad, the First Coast Railroad (reporting mark FCRD) is a class III railroad operating in Florida and Georgia, owned by Genesee and Wyoming Inc. The name is derived from its area of operations around the First Coast of Florida.

The FCRD was founded in April 2005 to lease 32 miles of a former Seaboard Air Line Railroad from CSX. It stretches east from Yulee to Fernandina Beach, Florida and north from Yulee to Seals, with a connection at Yulee to CSX.

The north-south line, formerly the Seaboard Air Line main line before it was abandoned by the combined Seaboard Coast Line Railroad in favor of the ex-Atlantic Coast Line Railroad main line to the west, connects to the St. Marys Railroad at Kingsland. The line is abandoned north of Seals.

The line from Yulee north into southern Georgia was built in 1894 by the Florida Northern Railroad. It was an extension of the Fernandina and Jacksonville Railroad north to Savannah, Georgia to connect with the South Bound Railroad. The line from Yulee to Fernandina Beach was completed in 1861 by the Florida Railroad which connected Fernandina Beach with Cedar Key. The Florida Railroad, Florida Northern Railroad, Fernandina and Jacksonville Railroad, and the South Bound Railroad were all eventually absorbed by the Florida Central and Peninsular Railroad by 1893.

In 1900, the Florida Central and Peninsular Railroad became part of the Seaboard Air Line Railroad, and the line into Georgia became Seaboard's main line.

Seaboard Air Line became the Seaboard Coast Line Railroad after merging with the Atlantic Coast Line in 1967. The former Seaboard Air Line mainline was designated as the S Line with this specific segment known as the Everett Subdivision. The route to Fernandina Beach was designated the Fernandina Subdivision. The Seaboard Coast Line became the CSX Corporation in the 1980s. With the former Atlantic Coast Line main line (A Line) being used as the through route in the combined network, CSX abandoned the S Line between Riceboro, Georgia (just southwest of Savannah) and Bladen, Georgia in 1986 and redesignated the remaining track as the Kingsland Subdivision (a designation which remains on the CSX line south of Yulee). Track between Bladen and Seals was removed in 1990.

CSX leased the lines north of Yulee to the First Coast Railroad in 2005. The remaining Seaboard track north of Riceboro is operated by the Riceboro Southern Railway, another subsidiary of Genesee & Wyoming Inc.

Edward Henry Harriman (February 20, 1848 – September 9, 1909) was an American financier and railroad executive.

Harriman was born on February 20, 1848, in Hempstead, New York, the son of Orlando Harriman, Sr., an Episcopal clergyman, and Cornelia Neilson. He had a brother, Orlando Harriman, Jr. His great-grandfather, William Harriman, had emigrated from England in 1795 and became a successful businessman and trader.

As a young boy, Harriman spent a summer working at the Greenwood Iron Furnace in the area owned by the Robert Parker Parrott family that would become Harriman State Park. He quit school at age 14 to take a job as an errand boy on Wall Street in New York City. His uncle Oliver Harriman had earlier established a career there. By age 22, he was a member of the New York Stock Exchange.

Harriman's father-in-law was president of the Ogdensburg and Lake Champlain Railroad Company, which aroused Harriman's interest in upstate New York transportation. In 1881, at age 33, Harriman acquired the small, broken-down Lake Ontario Southern Railroad. He renamed it the Sodus Bay & Southern, reorganized it, and sold it to the Pennsylvania Railroad at a considerable profit. This was the start of his career as a rebuilder of bankrupt railroads.

Harriman was nearly 50 years old when in 1897 he became a director of the Union Pacific Railroad. By May 1898, he was chairman of the executive committee, and from that time until his death, his word was the law on the Union Pacific system. In 1903, he assumed the office of president of the company. From 1901 to 1909, Harriman was also the president of the Southern Pacific Railroad. The vision of a unified UP/SP railroad was planted with Harriman. (The UP and SP were reunited on September 11, 1996, a month after the Surface Transportation Board approved their merger.)

At the time of his death Harriman controlled the Union Pacific, the Southern Pacific, the Saint Joseph and Grand Island, the Illinois Central, the Central of Georgia, the Pacific Mail Steamship Company, and the Wells Fargo Express Company. Estimates of his estate ranged from $150 million to $200 million. That fortune was left entirely to his wife.

In 1899, Harriman sponsored and accompanied a scientific expedition to catalog the flora and fauna of the Alaska coastline. Many prominent scientists and naturalists went on the expedition, aboard the luxuriously refitted 250-foot (76 m) steamer SS George W. Elder.

Harriman became interested in ju-jitsu after his two-month visit to Japan in 1905. When he returned to America, he brought with him a troupe of six Japanese ju-jitsu wrestlers, including the prominent judokas Tsunejiro Tomita and Mitsuyo Maeda. Among many performances, the troupe gave an exhibition that drew some 600 spectators in the Columbia University gymnasium on February 7, 1905.

In 1879, Harriman married Mary Williamson Averell, daughter of William J. Averell, a banker in Ogdensburg, New York. Together they had six children:

Harriman died on September 9, 1909, at his home, Arden, at 1:30 p.m. at age 61. Naturalist John Muir, who had joined him on the 1899 Alaska expedition, wrote in his eulogy of Harriman, "In almost every way, he was a man to admire." Harriman was buried at the St. John's Episcopal Church cemetery in the hamlet of Arden, near his estate.

In 1885, Harriman acquired "Arden", the 7,863-acre (31.82 km2) Parrott family estate in the Ramapo Highlands near Tuxedo, New York, for $52,500. The property had been a source of charcoal for the Parrott Brothers Iron Works. Over the next several years he purchased almost 40 nearby parcels of land, adding 20,000 acres (81 km2), and connected all of them with 40 miles (64 km) of bridle paths. His 100,000 sq ft (9,300 m2) residence, Arden House, was completed just seven months before he died.

In the early 1900s, his sons W. Averell Harriman and E. Roland Harriman hired landscape architect Arthur P. Kroll to landscape many acres. In 1910, his widow donated 10,000 acres (40 km2) to the state of New York for Harriman State Park. The estate was designated a National Historic Landmark in 1966.

Award

  • In 1913, his widow created the E. H. Harriman Award to recognize outstanding achievements in railway safety. The award has been presented on an annual basis since then.
  • Stephen Birmingham writes in the book Our Crowd that "Ned" Harriman was considered one of the most disagreeable men of his period. The book quotes James Stillman of the National City Bank calling him "not a safe man to do business with, yet the Illinois Central run by Harriman was one of the best-run and most profitable in the country."

Namesakes

Places built using funds donated from his sponsorship or estate

  • Harriman founded the Tompkins Square Boys' Club, now known as The Boys' Club of New York. The original club, founded in 1876, was located in the rented basement of the Wilson School in Manhattan's Lower East Side, and began with three boys. Harriman's idea for the club was to provide a place "for the boys, so as to get them off the streets and teach them better manners." By 1901, the club had outgrown its space. Harriman purchased several lots on 10th and Avenue A, and a five-story clubhouse was completed in 1901.
  • Inheritance taxes from Harriman's estate, in the amount of $798,546 paid by his widow on March 1, 1911, to the State of Utah, helped fund the construction of the state's capital.

Notable quotations

  • "Much good work is lost for the lack of a little more."
  • "Cooperation means 'Do as I say, and do it damn quick.'"

In popular culture

  • Harriman is the topic of a verse in the song "The Yama Yama Man" (1908). Mister Harriman to-day, Thinks he'll have to change his dish. Fridays he says he'll stick to meat, For he's getting sick of "Fish". It concerns the war of succession with Stuyvesant Fish over the Illinois Central Railroad around 1906. He is also mentioned in the 1989 song "Roadside Flowers", by New Jersey indie rock band Winter Hours. The line states "This is Mister Harriman, he built his stakes on railroad blood."
  • Harriman is mentioned in the movie Butch Cassidy and the Sundance Kid (1969), as the commercial baron whose agents become the title characters' nemeses. In the film's second train robbery, a railroad employee ascribes his refusal to cooperate with the robbery to his obligations to Harriman personally, and one of Butch and Sundance's intimates describes Harriman's hiring of famed outlaw-hunters to track down the gang's leaders.
  • In the movie The Wild Bunch (1969), a railroad official named "Harrigan" takes the same strategy.
  • Harriman is a playable character in the video game series Railroad Tycoon.
Condition: Extremely Fine

A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.

Item ordered may not be exact piece shown. All original and authentic.
Price: $845.00