Bank of the Delaware and Hudson Canal Company signed by Francis Spinner - Stock CertificateInv# AG1990 Stock
5% Stock of the Bank of the Delaware and Hudson Canal Company signed by Francis Spinner on the back.
Francis Elias Spinner (1802-1890) Elected as a Democrat to the Thirty-fourth Congress and as a Republican to the Thirty-fifth and Thirty-sixth Congresses (March 4, 1855-March 3, 1861); chairman, Committee on Accounts (Thirty-sixth Congress); was not a candidate for renomination in 1860 to the Thirty-seventh Congress; appointed by President Lincoln as Treasurer of the United States and served from March 16, 1861, until his resignation on July 1, 1875. Spinner is best known for his service as Treasurer of the U.S. during the Civil War, during which time he skillfully managed the government's huge expenditures and introduced Postage Currency. He is credited with bringing women into the civil service. He is also known for his distinctive signature that was produced with a three nibbed pen.
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.