Henry Oppenheimer signed Baltimore & Ohio Railroad - Issued to & Signed at Back - Autograph Stock CertificateInv# AG1144 Stock
Henry Oppenheimer. We are told that this Oppenheimer was very significant in the Diamond mining business. Further research is required. This beautiful 1899 Preferred stock is issued to Oppenheimer and is nicely signed at back when transferred. Neatly hole and stamp cancelled. Excellent Condition. As a teenager, Henry Oppenheimer (born August 21, 1865 in Walldürn, Grand Duchy of Baden; died July 6, 1958 in Baltimore, MD) boarded the Westphalia in Hamburg, Germany, and sailed to America on his own. After apprenticing at his uncle’s clothing manufacturing business in Baltimore, Oppenheimer opened his own wholesale clothing company there. Unfortunately, after five years in operation, his company was badly damaged in the Great Baltimore Fire of 1904. Oppenheimer was married to Cora Hutzler, a member of one of Baltimore’s most renowned department store families.
At the invitation of his father-in-law, David Hutzler, Henry Oppenheimer eventually became president and general manager of Hutzler Brothers Company. Oppenheimer was a founding member and the first president of the Baltimore Retail Merchants’ Association. He stepped down as president of Hutzler Brothers Company in 1919 but remained active on its board of directors; he also continued to serve in an operational capacity. After leaving his managerial position at Hutzler’s, he continued to be involved with the Retail Merchants’ Association and with various service organizations in Baltimore. Remembered as a kind person and a respected businessman, Oppenheimer died at age ninety-two after a brief illness.
The Baltimore and Ohio Railroad (reporting mark BO) was the first common carrier railroad and the oldest railroad in the United States with its first section opening in 1830. Merchants from Baltimore, which had benefited to some extent from the construction of the National Road early in the century, wanted to do business with settlers crossing the Appalachian Mountains. The railroad faced competition from several existing and proposed enterprises, including the Albany-Schenectady Turnpike, built in 1797, the Erie Canal, which opened in 1825, and the Chesapeake and Ohio Canal. At first, the B&O was located entirely in the state of Maryland; its original line extending from the port of Baltimore west to Sandy Hook, Maryland, opened in 1834. There it connected with Harper's Ferry, first by boat, then by the Wager Bridge, across the Potomac River into Virginia, and also with the navigable Shenandoah River. Read more at https://en.wikipedia.org/wiki/Baltimore_and_Ohio_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.