Anthony J. Drexel signed Saint Paul and Duluth Railroad Co. - Autograph Stock CertificateInv# AG1580 Stock
Stock signed by Anthony J. Drexel of Drexel, Morgan & Co. fame. (1826-1893) Anthony J. Drexel descended from Francis Martin Drexel, born to a wealthy Austrian family in 1792. Francis came to the United States in 1817 and was an artist of significant talent. Later he went into the banking business and opened his first brokerage business in Louisville, Kentucky in 1837 before returning to Philadelphia. Anthony was his second son, born in 1826, and trained in the business to succeed his father. Eventually he became a partner of J.P. Morgan, the wealthy banker, and later founded Drexel & Company in Philadelphia. Their primary business was underwriting stock and bond issues for both new companies as well as older ones seeking new capital to expand. Father and son were also land speculators and developers in West Phila., Chestnut Hill, Upper Darby, and Wayne. Anthony Drexel founded and endowed Drexel University in 1891. Read more at https://en.wikipedia.org/wiki/Anthony_Joseph_Drexel
The St. Paul and Duluth Railroad was reorganized from the Lake Superior and Mississippi Railroad in 1877. It was bought by the Northern Pacific in 1900. Known as the "Skally Line", it operated from Saint Paul to Duluth, Minnesota, with branches to Minneapolis, Taylors Falls, Kettle River, and Cloquet, in Minnesota, and Grantsburg and Superior in Wisconsin.
Originally incorporated in 1863 and known as the Lake Superior and Mississippi Railroad, the road provided the first service between Duluth and the Twin Cities upon its completion in 1870. Serving as the all-important eastern terminus of the Northern Pacific Railroad, the road linked the Great Lakes and the Mississippi River. A victim of the panic of 1873, the company defaulted on its bonds and was reorganized in 1877 as the Saint Paul and Duluth Railroad. It was absorbed by the Northern Pacific in 1900. These exceptional stocks are beautifully printed by American Bank Note Company. The two Steamships and Locomotive scenes are so very impressive. A fine example of engraving of this Golden Era of Financial Printing. Read more at https://en.wikipedia.org/wiki/St._Paul_and_Duluth_Railroad
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.