J. Pierpont Morgan Raquette Lake Railway Company - SOLDInv# AG1408
State(s): New York
J. Pierpont Morgan (1837-1913), Banker, Connoisseur of Art. Son of Junius S. Morgan. Involved in his early years in a broad range of finance, his company, J. P. Morgan & Co. became one of the most powerful banking houses in the world. He engaged in several dubious pieces of business during the Civil War period, but was essentially an organizer and stabilizing force in business. After the failure of Jay Cookeís firm, Morganís firm became dominant in government financing and in financing railroads. Among his most daring undertakings was the formation of the U. S. Steel Corp. in 1901. Morganís personal influence was a decisive factor in overcoming the money panic of 1907. This 1902 New York Stock is Issued to J. Pierpont Morgan but not signed. Stub attached at left.
Item ordered may not be exact piece shown. All original and authentic.