Andrew W. Mellon - Pittsburgh, Cincinnati, Chicago and St. Louis Railroad - Stock CertificateInv# AG1201
Andrew W. Mellon (1855-1937), Industrialist, Financier, and Art Collector. Truly one of America's great financiers! Largely interested in coal, coke, and iron enterprises and aluminum manufacture, banking president, Mellon National Bank of Pittsburgh, U.S. Secretary of the Treasury (1921-32); U.S. Ambassador to Great Britain (1932-33). Over the years Mellon had acquired one of the world's great art collections. In 1937 he announced the gift of his collection to the nation, together with funds to erect a building and establish a $5,000,000 endowment. Construction of the National Gallery of Art (Washington, DC) began before his death. This exceptional railroad stock is issued to Andrew W. Mellon in 1917 and is nicely signed at back when transferred. Fresh Excellent Condition. A nice portrait of Mellon is included. Rare! Only 1 available.
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.