Hoboken Ferry Company signed by Emanuel Lehman - Stock CertificateInv# AG1029 Stock
Emanuel Lehman, Merchant, Lehman signs this attractive New Jersey 1890’s stock at front. His business interests were extensive. Signature is hole cancelled but mostly unaffected. Quite Rare! Excellent Condition. From the Syracuse University Collection.
Emanuel Lehman (1827-1915) Lehman, a native of the village of Rimpar, near Wurzburg, Germany, was born Feb. 15, 1827. His parents, who were of German-Hebrew descent, gave their son a sound training both at home and in the high school in Wurzburg and the lad then entered upon the practical work of life. At that period, many Germans had learned of the better opportunities presented by the new world and were exchanging homes in the fatherland for a residence in the Southern States. Following this movement, Mr. Lehman sailed for America in 1847 and joined his brother Henry, a merchant in Montgomery, Ala., since 1844, in the management of a general store. They were diligent and hard working men, and as they prospered drifted naturally into a factorage and cotton business. To enable a cotton planter to cultivate his crop, it is necessary for him to resort to some neighboring general merchant, who will advance to him a large amount of supplies and carry him along to the time when the crop can be harvested and sold. The intimate relations of the Lehman Bro's with the cotton planters resulted in the development of an extensive trade, both in supplies and in cotton.
In 1856, the Lehman Bro's found themselves compelled by a growing business to establish a house in New York City, and Emanuel Lehman was placed in charge of it. The Civil War caused a serious interruption in the operations of the New York house, but, in 1865, it was re-established by Emanuel Lehman, the younger brother, Mayer, remaining in Montgomery for a while in charge of the Southern business, which was conducted under the name of Lehman, Durr & Co. They also established a commission business in New Orleans in 1865 under the title of Lehman, Newgass & Co., now known as Lehman, Stern & Co. All three firms were prominent in their respective cities and dealt in cotton, sugar, coffee, etc.
After the War, the brothers Lehman devoted themselves to a task which had enlisted the sympathy and active interest of every progressive and public-spirited man in the South, namely, a revival of the interests prostrated by the War and a development of the theretofore scarcely exploited natural resources of the region. In 1865, the State of Alabama being impoverished, the Lehman Bro's furnished $100,000 to defray the expenses of the first convention, held under the reconstruction act, and afterward acted as fiscal agents for the State, retaining this relation until Alabama came under the control of the Radicals, about 1871. By their investments, they promoted the reorganization of railroad companies, the improvement of real estate, the building of iron furnaces and other factories, and the opening of coal mines. They were also principal owners of two excellent and prosperous cotton mills, one operated by The Tallassee Falls Manufacturing Co., near Montgomery; the other, the Lane Mills in New Orleans.
Mr. Lehman was a director of The Mercantile National Bank, The Queens County Bank on Long Island, The Alabama Mineral Land Co., The Berry-Boice Cattle Co., The Metropolitan Ferry Co., and The Tenth & Twenty-third Streets Railroad Co., and The Third Avenue 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.