Charles Sanger Mellen - Boston Railroad Holding Company - Stock CertificateInv# AG1327
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Charles Sanger Mellen (1851-1927), Railroad Executive, his career involved the Union Pacific in 1888, later New England Railroads including the NY, New Haven, & Hartford. His close ties with J. P. Morgan obtained him the Presidency of the Northern Pacific Railroad in 1892. In 1904, he was a serious consultant to President Roosevelt on railroad affairs. Later returning to the New Haven, he nearly succeeded in monopolizing the transportation system of New England. President of both the Boston & Maine and the Maine Central. (It is most interesting to note that today Guilford Transportation is owned by Timothy Mellon and he now owns both of the same railroads. He is the grandson of Andrew Mellon. Of course, there is no relation as the names are spelled differently.) Later, due to a series of serious train accidents, the Interstate Commerce Commission called the Mellen management "one of the most glaring instances of maladministration revealed in all the history of American railroading".... This led to his resignation in 1913. MA, Stock dated 1911-1912 with a nice signature of Mellen barely effected by small hole cancellations. Attractive and Important Stock at a Very Special Price! Please specify color.
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.
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