American Express Co. signed by Henry Wells and Wm. G. Fargo - Stock CertificateInv# AG1512A Stock
Stock signed by Henry Wells as president and Wm. G. Fargo as secretary. Henry Wells (1805-1878), Expressman. He merged 3 older companies to form American Express and became its President from 1850-68. In 1852 he organized Wells, Fargo & Co. He retired in 1868. In the same year, he founded Wells Seminary, the present Wells College. William G. Fargo (1818-1881), Expressman, First co-owner of Wells & Co., Secretary of American Express (1850), and later President of American Express, etc. Civil War Dated. Exceptionally nice example.
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.