J.P. Morgan and Co. Inc. - Specimen Bond - Only 2 Bonds Discovered - Last One!
Inv# SE3464
Specimen Bond
Specimen Bond printed by American Bank Note Company. J.P. Morgan & Co. is an American financial institution specialized in investment banking, asset management and private banking founded by financier J. P. Morgan in 1871. Through a series of mergers and acquisitions, the company is now a subsidiary of JPMorgan Chase, one of the largest banking institutions in the world. The company has been historically referred to as the "House of Morgan" or simply Morgan. For 146 years, until 2000, J.P. Morgan specialized in commercial banking, before a merger with Chase Manhattan Bank led to the business line spinning off under the Chase brand.
The origins of the firm date back to 1854 when Junius S. Morgan joined George Peabody & Co. (which became Peabody, Morgan & Co.), a London-based banking business headed by George Peabody. Junius took control of the firm, changing its name to J.S. Morgan & Co. in 1864 on Peabody's retirement. Junius's son, J. Pierpont Morgan, first apprenticed at Duncan, Sherman, and Company in New York City, then founded his own firm with a cousin, J. Pierpont Morgan & Company, in 1864. J. Pierpont Morgan & Company traded in government bonds and foreign exchange. It also acted as an agent for Peabody's. Junius, however, considered some of Pierpont's ventures to be highly speculative. Therefore, Pierpont took on Charles H. Dabney (a connection established when Pierpont was sent to the Azores as a child) as a senior partner, and the firm was known first as Dabney, Morgan, and Company (beginning in 1864) and then "Drexel, Morgan & Co." (in 1871). In those firms, Pierpont used his Peabody connection to bring British financial capital together with the rapidly-growing U.S. industrial firms, such as railroads, which needed capital. The Drexel of Drexel, Morgan & Co. was Philadelphia banker Anthony J. Drexel, founder of what is now Drexel University. Read more at https://en.wikipedia.org/wiki/J.P._Morgan_%26_Co.
Stock and Bond Specimens are made and usually retained by a printer as a record of the contract with a client, generally with manuscript contract notes such as the quantity printed. Specimens are sometimes produced for use by the printing company's sales team as examples of the firm’s products. These are usually marked "Specimen" and have no serial numbers.
Ebay ID: labarre_galleries