Buffalo, Rochester and Pittsburgh Railway Co. Issued to James Roosevelt - Autographed Stocks and BondsInv# AG2500 Stock
Stock issued to "For James Roosevelt and Others---".
James Roosevelt II (December 23, 1907 – August 13, 1991) was an American businessman, Marine, activist, and Democratic Party politician. The eldest son of President Franklin D. Roosevelt and Eleanor Roosevelt, he served as an official Secretary to the President for his father and was later elected to the United States House of Representatives representing California, serving 5 terms from 1955 to 1965. He received the Navy Cross while serving as a Marine Corps officer during World War II. Roosevelt attended the 1924 Democratic National Convention where he served, in his words, as his father's "page and prop". In 1928, he and some Harvard classmates campaigned for Democratic presidential nominee Al Smith. In 1932, he headed his father's Massachusetts campaign and made about two hundred campaign speeches for that year. Though FDR lost the Massachusetts Democratic primary to Smith, he easily carried Massachusetts in the November election. Roosevelt was viewed as his father's political deputy in Massachusetts, allocating patronage in alliance with Boston mayor James Michael Curley. He was also a delegate from Massachusetts to the Constitutional Convention for the repeal of Prohibition in 1933. Roosevelt was a close protege of Joseph P. Kennedy Sr. In fall 1933, the two journeyed to England to obtain the market in post-prohibition liquor imports. Many of Roosevelt's controversial business ventures were aided by Kennedy, including his maritime insurance interests, and the National Grain Yeast Corp. affair (1933–35). Treasury Secretary Henry Morgenthau, Jr. threatened to resign unless FDR forced his son to leave the latter company, suspected of being a front for bootlegging. Roosevelt was instrumental in securing Kennedy's appointment as ambassador to the United Kingdom. In April 1936, Presidential Secretary Louis Howe died. Roosevelt unofficially assumed Howe's duties. Soon after the 1936 re-election of his father, Roosevelt was given a direct commission as a lieutenant colonel in the Marine Corps, which caused public controversy for its obvious political implications. He accompanied his father to the Inter-American Conference at Buenos Aires in December as a military aide. On January 6, 1937, he was officially appointed "administrative assistant to the President"; on July 1, 1937, he was appointed secretary to the president. He was the White House coordinator for eighteen federal agencies by October 1937. Roosevelt was considered among his father's most important counselors. Time magazine suggested he might be considered "Assistant President of the United States". In July 1938, there were allegations that Roosevelt had used his political position to steer lucrative business to his insurance firm. He had to publish his income tax returns and denied these allegations in an NBC broadcast and an interview in Collier's magazine. This became known as the Jimmy's Got It affair after Alva Johnston's reportage in the Saturday Evening Post. Roosevelt resigned from his White House position in November 1938. After leaving the White House in November 1938, Roosevelt moved to Hollywood, California, where he first accepted a job as a $750/week administrative assistant for motion picture producer Samuel Goldwyn. He was on Goldwyn's payroll until November 1940. In 1939, he set up "Globe Productions", a company to produce short films for penny arcades but the company was liquidated in 1944 while Roosevelt was on active duty with the Marine Corps. Roosevelt also produced the film Pot o' Gold and distributed the British film Pastor Hall. During his Hollywood period, Roosevelt became involved with Joseph Schenck, a movie mogul who was later caught participating in a payoff scheme that was intended to buy peace with movie industry labor unions. In 1942, Schenck pleaded guilty to one count of perjury and spent four months in prison before being paroled. In October 1945, Harry S. Truman granted Schenck a presidential pardon, a fact which did not become known to the public until 1947. World War II broke out in Europe in September 1939; the following month Roosevelt resigned the Marine commission as a lieutenant colonel that he had received in 1936 when serving as his father's military aide and accepted a commission as a captain in the Marine Corps Reserve so that he could enter active duty, which he did in November 1940. In April 1941, his father sent him on a secret, world-circling diplomatic mission to assure numerous governments that the United States would soon be in the war. The leaders contacted included Chiang Kai-shek in China, King Farouk in Egypt, and King George of Greece. During this trip, Roosevelt came under German air attack in both Crete and Iraq. In the African/Middle Eastern portions of the mission, he traveled with Britain's Lord Mountbatten as far as Bathurst in the Gambia. They reported on trans-African air ferry conditions, an important concern of FDR and Winston Churchill at the time. In August, Roosevelt joined the staff of William J. Donovan, coordinator of information, with the job of working out the exchange of information with other agencies. After Japan's Attack on Pearl Harbor on December 7, 1941, Roosevelt was seated next to his father when the President delivered his Infamy Speech. He requested assignment to combat duty and was transferred to the Marine Raiders in January 1942, a new Marine Corps commando force, and became second-in-command of the 2nd Raider Battalion under Evans Carlson (Carlson's Raiders) whom Roosevelt knew when Carlson commanded the Marine detachment at the Warm Springs, Georgia, residence of his father. Roosevelt's influence helped win presidential backing for the Raiders—influenced by the British Commandos—which were opposed by Marine Corps traditionalists. Despite occasionally debilitating health problems, Roosevelt served with the 2nd Raiders at Midway in early June 1942 and in the Makin Island raid on August 17–18, 1942, where he and 22 others were awarded the Navy Cross. In October, he was given command of the new 4th Raiders, but during training for an upcoming combat operation he became ill enough to be hospitalized by February 1943. Beginning in August 1943, he served in various staff positions for the duration of the war. He was attached to and landed with the U.S. Army's 165th Regimental Combat Team, 27th infantry Division during the invasion of Makin on November 20–23 and was awarded the Silver Star by the army. He was promoted to colonel on April 13, 1944. He was released from active duty in August 1945 and was placed on the inactive list in October 1945. That same month he became a Compatriot of the Empire State Society of the Sons of the American Revolution. Roosevelt continued in the Marine Corps Reserve and retired on October 1, 1959, with the advanced rank of brigadier general. Roosevelt suffered from flat feet, and was allowed to wear sneakers while other Marines were required to wear boots.
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.