Daniel Butterfield - New York and Harlem Railroad - Railway Stock CertificateInv# CW1003 Stock
Stock transfer made out to Butterfield, but not signed. Very Rare!!
The New York and Harlem Railroad (now the Metro-North Railroad's Harlem Line) was one of the first railroads in the United States, and was the world's first street railway. Designed by John Stephenson, it was opened in stages between 1832 and 1852 between Lower Manhattan to and beyond Harlem. Horses initially pulled railway carriages, followed by a conversion to steam engines, then one to battery-powered Julien electric traction cars. In 1907, the then leaseholders of the line, New York City Railway, a streetcar operator, went into receivership. Following a further receivership in 1932, the New York Railways Corporation converted the line to bus operation. The Murray Hill Tunnel now carries a lane of road traffic, but not the buses.
Daniel Adams Butterfield (October 31, 1831 – July 17, 1901) was a New York businessman, a Union General in the American Civil War, and Assistant U.S. Treasurer. After working for American Express, co-founded by his father, Butterfield served in the Civil War, where he was soon promoted brigadier general, and wounded at Gaines' Mill. While recuperating, he either wrote or re-wrote a popular bugle-call for burials, called Taps. He commanded a division at Fredericksburg, and then became Hooker's chief of staff, sharing both the credit for improved morale and responsibility for the licentious behaviour that Hooker tolerated in camp. He also became embroiled in Hooker’s political feuds with Burnside and Meade. Wounded at Gettysburg, he served in Sherman’s Atlanta campaign, before retiring from front-line service through illness. He later received the Medal of Honor. In Grant’s administration, he was Assistant Treasurer of the United States, abusing that position to manipulate the price of gold, and being forced to resign. He then resumed his business career. Butterfield’s extensive war archives are displayed at Cold Spring, New York.
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.