Jacob Little autographed New York and Harlem Railroad Transfer - Railway Stock Certificate

Jacob Little signed transfer and another issued to him. He was one of the old members of the Stock Exchange during the Era of “fogyism” in the street. He made and lost nine fortunes using speculative methods. One famous venture involved option selling of large blocks of Erie Railroad stocks to manipulate the market. The Erie Board formed a pool to “corner” Little in an attempt to ruin him. One hour before the options expiration, Little exchanged Erie Bonds and triumphed. His convertible bond trick led to the sixty day option rule. The Pair. SPECIAL PRICE!

The New York and Harlem Railroad (now the Metro-North Railroad's Harlem Line) was one of the first railroads in the United States, and was the world's first street railway. Designed by John Stephenson, it was opened in stages between 1832 and 1852 between Lower Manhattan to and beyond Harlem. Horses initially pulled railway carriages, followed by a conversion to steam engines, then one to battery-powered Julien electric traction cars. In 1907, the then leaseholders of the line, New York City Railway, a streetcar operator, went into receivership. Following a further receivership in 1932, the New York Railways Corporation converted the line to bus operation. The Murray Hill Tunnel now carries a lane of road traffic, but not the buses.

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