J. B. Colgate - Chicago and Northern Pacific Railroad (Uncanceled)Inv# AG1202 Stock
A Very Rare and Engraved 1890 Stock by American Bank Note-NY. Uncanceled and issued to J. B. Colgate but not signed. Very Important in many ways!!!
James Boorman Colgate (1818-1904), Broker and Banker; benefactor of Colgate University. He was head of James B. Colgate & Co., bankers. In 1864, he was President of the board of Trustees, Colgate University. The University was later named after him. His father, brother, and brother's son developed the soap business which became Colgate-Palmolive!
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.