James River Valley Railroad Co. signed by T.F. Oakes, Crawford Livingston and Geo. H. EarlInv# AG2108 Stock
Stock Issued to and signed by T.J. Oakes on back. Also signed by Geo. H. Earl as witness on back and Crawford Livingston as treasurer.
Thomas Fletcher Oakes, railroad president, born in Boston July 16, 1843 came from old New England stock, his fathers, Francis Garaux Oakes being a shipmaster and his grandfather, Daniel Oakes, a soldier of the American Revolution. Educated in Boston, and well trained for an active career, he secured a position as clerk to the contractors engaged in the construction of The Kansas Pacific Railroad, and in June, 1863, entered the service of this corporation as purchasing agent in St. Louis. Having won the confidence of the officers of the road by conspicuous energy and ability, they advanced him through the positions of assistant treasurer, general freight agent and vice president to that of general superintendent. During this period, his home was in St. Louis and Kansas City. In April, 1879, he became general superintendent of The Kansas City, Fort Scott & Gulf and The Kansas City, Lawrence & Southern Railroads, but was called in May, 1880, to the responsible post of vice-president and general manager of The Oregon Railway & Navigation Co., with headquarters in Portland, Oregon. A year later, he identified himself with The Northern Pacific Railroad, was elected vice-president, and in November, 1883, general manager in addition. In 1888, Mr. Oakes became president of The Northern Pacific Railroad, and continued as such until October, 1893 - when having been made one of the receivers of the corporation, he retired from the presidency. His executive ability has been of great service to this important system. Mr. Oakes is a hard worker and a thoroughly trained and competent railroad man. He is a trustee of The Manhattan Life Insurance Co. of this city. In 1864, he married Abby R., daughter of Henry Haskell, and their children are Grace, Zillah, Georgiana and Prescott Oakes. Mr. Oakes resides at Mamaroneck, but is a member of the Metropolitan, Union League, New York Yacht and Riding clubs, and a life member of The American Geographical Society.
Crawford Livingston, railroad builder, St. Paul, Minn., descends from the famous Livingston family, land owners of New York. Crawford was born in New York City May 6, 1848 and educated in the academy at Albany, and at the age of sixteen became a stock broker on Broad Street, New York City, in White, Livingston & Kendrick. He was afterward Deputy Treasurer of New Jersey. In 1870, he settled in St. Paul as purchasing agent of the Winona & St. Peter Railway and as stock broker and a banker. With Henry Villard he built The Little Falls & Dakota Railway and then built and owned The James River Valley Railway and The Detroit & Manitoba Railroad. He was also associated with A.B. Stickney in constructing The Minnesota Central and The Minnesota & North Western Railways, another of his road being The Chicago & Great Western. Livingston has been continuously successful in his operations, and had large interest outside the field of transportation, being controlling owner of The St. Paul Gas Light Co., and connected with The Merchants' National Bank, The Union Bank, The Title Insurance & Trust Co., The St. Paul Light, Heat & Power Co., The Edison Electric Co., The Inter-State Investment Co., The International Dock & Warehouse Co., The Livingston Land Co., and several other corporations. Mr. Livingston was married, Jan. 28, 1875 in St. Paul to Mary S. Livingston. His children were Crawford, Marie Steele, Abby Francis and Gerald Moncrieffe Livingston. He was president of the Town and Country clubs and a member of the St. Paul, Minnesota, Baptism River, Curling, St. Paul Driving and Island Pass clubs, and of the New York club of New York City.
George H. Earl was a secretary of many Northern Pacific railroads including Duluth, Crookston and Northern Railroad, Duluth and Manitoba Railroad, Fargo and Southwestern Railroad, Helena and Jefferson County Railroad, Helena and Red Mountain Railroad, James River Valley Railroad, Jamestown and Northern Railroad, Little Falls and Dakota Railroad, Northern Pacific, Fergus and Black Hills Railroad, Northern Pacfic, La Moure and Missouri River Railroad, Rocky Mountain Railroad of Montana, Sanborn, Cooperstown and Turtle Mountain Railroad, and the Spokane and Palouse Railway.
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.