Cornelius Vanderbilt & Augustus Schell - Chicago and Canada Southern Railway Company - Stock Certificate - SOLDInv# AG1873 Stock
Stock signed by Cornelius Vanderbilt as treasurer and Augustus Schell as president. PASS-CO Grade Fine.
Augustus Schell born August 1, 1812 was a New York politician and lawyer. He was Chairman of the Democratic National Committee from 1872 to 1876. He was educated at Rhinebeck Academy and Wesleyan Seminary. He was graduated in 1830 from Union College with Phi Beta Kappa honors and membership in the Kappa Alpha Society, and then studied at Litchfield Law School. He was admitted to the bar in 1833, and started a practice in New York City at the firm of John Slossom, later forming a firm with Slossom in 1842. He started out as an early expert in the then new field of corporate law and through his profession became active in railroad management. A friend of Cornelius Vanderbilt, he gradually expanded his railroad connections through investments as well as legal counsel. He was a director in many railroad and financial corporations, including the Harlem Railroad, Lake Shore and Michigan Central, and Hudson River Railroads as well as the Western Union Telegraph Company. He was also active in the management of philanthropic institutions, including 19 years as Chairman of the Executive Committee of the New-York Historical Society. An active Democrat, he joined Tammany Hall in 1852 where, after William M. Tweed's fall, he succeeded August Belmont, Sr. as Grand Sachem in 1870. He was head of the Democratic state committee from 1853 to 1856. In 1852, he was proposed as the Democratic candidate for Governor of New York, although he lost the nomination to Horatio Seymour, who was elected Governor. During the administration of President James Buchanan, he was collector of the Port of New York. He was chairman of the Democratic National Committee that supported John C. Breckinridge for the presidency in 1860 and also from 1872 to 1876, where he managed Horace Greeley's presidential campaign. In 1872, his name was again put forth for the nomination for Democratic candidate for Governor, but he was prevented by the work of Samuel Jones Tilden, who was then the Chairman of the New York State Democratic Committee. After the trial of William M. Tweed and his associates, Schell became the Grand Sachem of Tammany Hall and labored for the purification and rehabilitation of the Tammany society. In 1878, he was an unsuccessful candidate for mayor. He died March 27, 1884.
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.