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Connecticut, New York and Pennsylvania Transportation Co. - Shipping Stock Certificate

Inv# SS1324   Stock
Connecticut, New York and Pennsylvania Transportation Co. - Shipping Stock Certificate
State(s): Connecticut
New York
Pennsylvania
Years: 1854

Stock printed on blue paper certificate #3! Early Shipping! Out of Hartford, Connecticut.

The first Europeans known to have explored the area were the Dutch under Adriaen Block, who sailed up the Connecticut in 1614. Dutch fur traders from New Amsterdam returned in 1623 with a mission to establish a trading post and fortify the area for the Dutch West India Company. The original site was located on the south bank of the Park River in the present-day Sheldon/Charter Oak neighborhood. This fort was called Fort Hoop or the "House of Hope." In 1633, Jacob Van Curler formally bought the land around Fort Hoop from the Pequot chief for a small sum. It was home to perhaps a couple families and a few dozen soldiers. The fort was abandoned by 1654, but the area is known today as Dutch Point; the name of the Dutch fort "House of Hope" is reflected in the name of Huyshope Avenue. A significant reason for establishment of the Dutch trading post was to better control the flow of wampum, the de facto currency of New Netherlands and portions of New England, to and from valuable Native American fur traders.

The Dutch outpost and the tiny contingent of Dutch soldiers who were stationed there did little to check the English migration, and the Dutch soon realized that they were vastly outnumbered. The House of Hope remained an outpost, but it was steadily swallowed up by waves of English settlers. In 1650, Peter Stuyvesant met with English representatives to negotiate a permanent boundary between the Dutch and English colonies; the line that they agreed on was more than 50 miles (80 km) west of the original settlement.

The English began to arrive in 1636, settling upstream from Fort Hoop near the present-day Downtown and Sheldon/Charter Oak neighborhoods. Puritan pastors Thomas Hooker and Samuel Stone, along with Governor John Haynes, led 100 settlers with 130 head of cattle in a trek from Newtown in the Massachusetts Bay Colony (now Cambridge) and started their settlement just north of the Dutch fort. The settlement was originally called Newtown, but it was changed to Hartford in 1637 in honor of Stone's hometown of Hertford, England. Hooker also created the nearby town of Windsor in 1633. The etymology of Hartford is the ford where harts cross, or "deer crossing."

As the Puritan minister in Hartford, Thomas Hooker wielded a great deal of power; in 1638, he delivered a sermon that inspired the writing of the Fundamental Orders of Connecticut, which provided a framework for Connecticut's separation for Massachusetts Bay Colony and the formation of a civil government. The Fundamental Orders of Connecticut were the legal basis for Connecticut Colony until the 1662 royal charter granted to Connecticut by Charles II.

The original settlement area contained the site of the Charter Oak, an old white oak tree in which colonists hid Connecticut's Royal Charter of 1662 to protect it from confiscation by an English governor-general. The state adopted the oak tree as the emblem on the Connecticut state quarter. The Charter Oak Monument is located at the corner of Charter Oak Place, a historic street, and Charter Oak Avenue.

On December 15, 1814, delegates from the five New England states (Maine was still part of Massachusetts at that time) gathered at the Hartford Convention to discuss New England's possible secession from the United States. During the early 19th century, the Hartford area was a center of abolitionist activity, and the most famous abolitionist family was the Beechers. The Reverend Lyman Beecher was an important Congregational minister known for his anti-slavery sermons. His daughter Harriet Beecher Stowe wrote Uncle Tom's Cabin; her brother Henry Ward Beecher was a noted clergyman who vehemently opposed slavery and supported the temperance movement and women's suffrage. The Stowes' sister Isabella Beecher Hooker was a leading member of the women's rights movement.

In 1860, Hartford was the site of the first "Wide Awakes", abolitionist supporters of Abraham Lincoln. These supporters organized torch-light parades that were both political and social events, often including fireworks and music, in celebration of Lincoln's visit to the city. This type of event caught on and eventually became a staple of mid-to-late 19th-century campaigning.

Hartford was a major manufacturing city from the 19th century until the mid-20th century. During the Industrial Revolution into the mid-20th century, the Connecticut River Valley cities produced many major precision manufacturing innovations. Among these was Hartford's pioneer bicycle and automobile maker Pope. Many factories have been closed or relocated, or have reduced operations, as in nearly all former Northern manufacturing cities.

Around 1850, Hartford native Samuel Colt perfected the precision manufacturing process that enabled the mass production of thousands of his revolvers with interchangeable parts. A variety of industries adopted and adapted these techniques over the next several decades, and Hartford became the center of production for a wide array of products, including: Colt, Richard Gatling, and John Browning firearms; Weed sewing machines; Columbia bicycles; Pope automobiles; and leading typewriter manufacturers Royal Typewriter Company and Underwood Typewriter Company which together made Hartford the “Typewriter Capitol of the World” during the first half of the 20th century.

The Pratt & Whitney Company was founded in Hartford in 1860 by Francis A. Pratt and Amos Whitney. They built a substantial factory in which the company manufactured a wide range of machine tools, including tools for the makers of sewing machines, and gun-making machinery for use by the Union Army during the American Civil War. In 1925, the company expanded into aircraft engine design at its Hartford factory.

Just three years after Colt's first factory opened, the Sharps Rifle Manufacturing Company set up shop in 1852 at a nearby site along the now-buried Park River, located in the present-day neighborhood of Frog Hollow. Their factory heralded the beginning of the area's transformation from marshy farmland into a major industrial zone. The road leading from town to the factory was called Rifle Lane; the name was later changed to College Street and then Capitol Avenue. A century earlier, mills had located along the Park River because of the water power, but by the 1850s water power was approaching obsolescence. Sharps located there specifically to take advantage of the railroad line that had been constructed alongside the river in 1838.

The Sharps Rifle Company failed in 1870, and the Weed Sewing Machine Company took over its factory. The invention of a new type of sewing machine led to a new application of mass production after the principles of interchangeability were applied to clocks and guns. The Weed Company played a major role in making Hartford one of three machine tool centers in New England and even outranked the Colt Armory in nearby Coltsville in size. Weed eventually became the birthplace of both the bicycle and automobile industries in Hartford.

Industrialist Albert Pope was inspired by a British-made, high-wheeled bicycle (called a velocipede) that he saw at the 1876 Philadelphia Centennial Exposition, and he bought patent rights for bicycle production in the United States. He wanted to contract out his first order, however, so he approached George Fairfield of Weed Sewing Machine Company, who produced Pope's first run of bicycles in 1878. Bicycles proved to be a huge commercial success, and production expanded in the Weed factory, with Weed making every part but the tires. Demand for bicycles overshadowed the failing sewing machine market by 1890, so Pope bought the Weed factory, took over as its president, and renamed it the Pope Manufacturing Company. The bicycle boom was short-lived, peaking near the turn of the century when more and more consumers craved individual automobile travel, and Pope's company suffered financially from over-production amidst falling demand.

In an effort to save his business, Pope opened a motor carriage department and turned out electric carriages, beginning with the "Mark III" in 1897. His venture might have made Hartford the capital of the automobile industry were it not for the ascendancy of Henry Ford and a series of pitfalls and patent struggles that outlived Pope himself.

In 1876, Hartford Machine Screw was granted a charter "for the purpose of manufacturing screws, hardware and machinery of every variety." The basis for its incorporation was the invention of the first single-spindle automatic screw machine. For its next four years, the new firm occupied one of Weed's buildings, milling thousands of screws daily on over 50 machines. Its president was George Fairfield, who ran Weed, and its superintendent was Christopher Spencer, one of Connecticut's most versatile inventors. Soon Hartford Machine Screw outgrew its quarters and built a new factory adjacent to Weed, where it remained until 1948.

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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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