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Baltimore and Ohio Railroad Stock Transferred to Edward H. Harriman - Stock Certificate

Inv# AG1335   Stock
Baltimore and Ohio Railroad Stock Transferred to Edward H. Harriman - Stock Certificate
State(s): Maryland
Years: 1901 or so

Edward H. Harriman. His genius as an administrator made him one of the great railway men of all time. Self-confident and ruthless, he spared neither friend nor foe if they blocked his plans. A portrait of Harriman as well as biographical information accompanies this stock. Transferred at back to E. H. Harriman, not signed, 1901 or so. Rare!

The Baltimore and Ohio Railroad (reporting marks B&O, BO) was the first common carrier railroad and the oldest railroad in the United States, with its first section opening in 1830. It came into being mostly because the city of Baltimore wanted to compete with the newly constructed Erie Canal (which served New York City) and another canal being proposed by Pennsylvania, which would have connected Philadelphia and Pittsburgh. At first this railroad was located entirely in the state of Maryland, with an original line built from the port of Baltimore west to Sandy Hook. At this point to continue westward, it had to cross into Virginia (now West Virginia) over the Potomac River, adjacent to the confluence of the Potomac and Shenandoah rivers. From there it passed through Virginia from Harpers Ferry to a point just west of the junction of Patterson Creek and the North Branch Potomac River, where it crossed back into Maryland to reach Cumberland. From there it was extended to the Ohio River at Wheeling and a few years later also to Parkersburg, West Virginia. It continued to construct lines into Ohio, including a junction at Portsmouth. In later years, B&O advertising carried the motto: "Linking 13 Great States with the Nation." As part of a series of mergers, the B&O is now part of the CSX Transportation (CSX) network. The B&O also included the Leiper Railroad, the first permanent horse-drawn railroad in the U.S. At the end of 1970, the B&O operated 5,552 miles of road and 10,449 miles of track, not including the Staten Island Rapid Transit (SIRT) or the Reading and its subsidiaries. It includes the oldest operational railroad bridge in the United States. When CSX established the B&O Railroad Museum as a separate entity from the corporation, it donated some of the former B&O Mount Clare Shops in Baltimore, including the Mt. Clare roundhouse, to the museum, while selling the rest of the property. The B&O Warehouse at the Camden Yards rail junction in Baltimore now dominates the view over the right-field wall at the Baltimore Orioles' current home, Oriole Park at Camden Yards. Part of the B&O Railroad's immortality has come from being one of the four featured railroads on the U.S. version of the board game Monopoly. It is the only railroad on the board that did not directly serve Atlantic City, New Jersey.

Edward Henry Harriman (February 20, 1848 – September 9, 1909) was an American financier and railroad executive.

Harriman was born on February 20, 1848, in Hempstead, New York, the son of Orlando Harriman, Sr., an Episcopal clergyman, and Cornelia Neilson. He had a brother, Orlando Harriman, Jr. His great-grandfather, William Harriman, had emigrated from England in 1795 and became a successful businessman and trader.

As a young boy, Harriman spent a summer working at the Greenwood Iron Furnace in the area owned by the Robert Parker Parrott family that would become Harriman State Park. He quit school at age 14 to take a job as an errand boy on Wall Street in New York City. His uncle Oliver Harriman had earlier established a career there. By age 22, he was a member of the New York Stock Exchange.

Harriman's father-in-law was president of the Ogdensburg and Lake Champlain Railroad Company, which aroused Harriman's interest in upstate New York transportation. In 1881, at age 33, Harriman acquired the small, broken-down Lake Ontario Southern Railroad. He renamed it the Sodus Bay & Southern, reorganized it, and sold it to the Pennsylvania Railroad at a considerable profit. This was the start of his career as a rebuilder of bankrupt railroads.

Harriman was nearly 50 years old when in 1897 he became a director of the Union Pacific Railroad. By May 1898, he was chairman of the executive committee, and from that time until his death, his word was the law on the Union Pacific system. In 1903, he assumed the office of president of the company. From 1901 to 1909, Harriman was also the president of the Southern Pacific Railroad. The vision of a unified UP/SP railroad was planted with Harriman. (The UP and SP were reunited on September 11, 1996, a month after the Surface Transportation Board approved their merger.)

At the time of his death Harriman controlled the Union Pacific, the Southern Pacific, the Saint Joseph and Grand Island, the Illinois Central, the Central of Georgia, the Pacific Mail Steamship Company, and the Wells Fargo Express Company. Estimates of his estate ranged from $150 million to $200 million. That fortune was left entirely to his wife.

In 1899, Harriman sponsored and accompanied a scientific expedition to catalog the flora and fauna of the Alaska coastline. Many prominent scientists and naturalists went on the expedition, aboard the luxuriously refitted 250-foot (76 m) steamer SS George W. Elder.

Harriman became interested in ju-jitsu after his two-month visit to Japan in 1905. When he returned to America, he brought with him a troupe of six Japanese ju-jitsu wrestlers, including the prominent judokas Tsunejiro Tomita and Mitsuyo Maeda. Among many performances, the troupe gave an exhibition that drew some 600 spectators in the Columbia University gymnasium on February 7, 1905.

In 1879, Harriman married Mary Williamson Averell, daughter of William J. Averell, a banker in Ogdensburg, New York. Together they had six children:

Harriman died on September 9, 1909, at his home, Arden, at 1:30 p.m. at age 61. Naturalist John Muir, who had joined him on the 1899 Alaska expedition, wrote in his eulogy of Harriman, "In almost every way, he was a man to admire." Harriman was buried at the St. John's Episcopal Church cemetery in the hamlet of Arden, near his estate.

In 1885, Harriman acquired "Arden", the 7,863-acre (31.82 km2) Parrott family estate in the Ramapo Highlands near Tuxedo, New York, for $52,500. The property had been a source of charcoal for the Parrott Brothers Iron Works. Over the next several years he purchased almost 40 nearby parcels of land, adding 20,000 acres (81 km2), and connected all of them with 40 miles (64 km) of bridle paths. His 100,000 sq ft (9,300 m2) residence, Arden House, was completed just seven months before he died.

In the early 1900s, his sons W. Averell Harriman and E. Roland Harriman hired landscape architect Arthur P. Kroll to landscape many acres. In 1910, his widow donated 10,000 acres (40 km2) to the state of New York for Harriman State Park. The estate was designated a National Historic Landmark in 1966.

Award

  • In 1913, his widow created the E. H. Harriman Award to recognize outstanding achievements in railway safety. The award has been presented on an annual basis since then.
  • Stephen Birmingham writes in the book Our Crowd that "Ned" Harriman was considered one of the most disagreeable men of his period. The book quotes James Stillman of the National City Bank calling him "not a safe man to do business with, yet the Illinois Central run by Harriman was one of the best-run and most profitable in the country."

Namesakes

Places built using funds donated from his sponsorship or estate

  • Harriman founded the Tompkins Square Boys' Club, now known as The Boys' Club of New York. The original club, founded in 1876, was located in the rented basement of the Wilson School in Manhattan's Lower East Side, and began with three boys. Harriman's idea for the club was to provide a place "for the boys, so as to get them off the streets and teach them better manners." By 1901, the club had outgrown its space. Harriman purchased several lots on 10th and Avenue A, and a five-story clubhouse was completed in 1901.
  • Inheritance taxes from Harriman's estate, in the amount of $798,546 paid by his widow on March 1, 1911, to the State of Utah, helped fund the construction of the state's capital.

Notable quotations

  • "Much good work is lost for the lack of a little more."
  • "Cooperation means 'Do as I say, and do it damn quick.'"

In popular culture

  • Harriman is the topic of a verse in the song "The Yama Yama Man" (1908). Mister Harriman to-day, Thinks he'll have to change his dish. Fridays he says he'll stick to meat, For he's getting sick of "Fish". It concerns the war of succession with Stuyvesant Fish over the Illinois Central Railroad around 1906. He is also mentioned in the 1989 song "Roadside Flowers", by New Jersey indie rock band Winter Hours. The line states "This is Mister Harriman, he built his stakes on railroad blood."
  • Harriman is mentioned in the movie Butch Cassidy and the Sundance Kid (1969), as the commercial baron whose agents become the title characters' nemeses. In the film's second train robbery, a railroad employee ascribes his refusal to cooperate with the robbery to his obligations to Harriman personally, and one of Butch and Sundance's intimates describes Harriman's hiring of famed outlaw-hunters to track down the gang's leaders.
  • In the movie The Wild Bunch (1969), a railroad official named "Harrigan" takes the same strategy.
  • Harriman is a playable character in the video game series Railroad Tycoon.

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.
Price: $40.00