Henry Keep - Michigan Southern and Northern Indiana Railroad - Stock Certificate (Uncanceled)Inv# AG1079
Henry Keep (1818-1869), Financier. Started out in a NY County Poorhouse, and later in farming. As a farm boy, he ran away from his employer due to harsh treatment. He tried various trades and saved enough to invest in currencies. Eventually he opened an exchange and banking office and several other country banks. He dealt extensively in the stock of the Michigan Southern & Northern Indiana Railroad and served as treasurer from 1860 to 1863. In 1866, he became President of the New York Central Railroad. He later served as President of the Cleveland and Toledo Railroad. He is credited with having left an estate of over 4 million dollars, a remarkable achievement considering that he started without a cent! Uncanceled signature on this attractive red colored stock dated 1860. Excellent Condition. Usual stub at left. Rare! From the Syracuse University Collection.
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.