John Jacob Astor - Utica & Schenectady RailroadInv# AG1074
The Utica and Schenectady Railroad was chartered April 29, 1833; as the railroad paralleled the Erie Canal it was prohibited from carrying freight. Revenue service began August 2, 1836, extending the line of the Albany and Schenectady Railroad west from Schenectady along the north side of the Mohawk River, opposite the Erie Canal, to Utica. On May 7, 1844, the railroad was authorized to carry freight with some restrictions, and on May 12, 1847, the ban was fully dropped, but the company still had to pay the equivalent in canal tolls to the state.
John Jacob Astor
John Jacob Astor (1763-1848), Fur Trader, Capitalist. Immigrated to America in 1784 and on his trip met a fellow immigrant who had successfully traded for furs with the Indians. He entered this lucrative business and by 1800 he had amassed a fortune of $250,000. Then made large purchases of NY City real estate. In 1834 he sold all his fur interests and retired to the administration of his twenty-million dollar fortune!!! In 1835 this stock transfer of the Utica and Schenectady RR Company, NY was issued to him but not signed. Fresh and Mint! Rare! From the Syracuse University Collection.
Item ordered may not be exact piece shown. All original and authentic.