Jay Cooke and Co - Signed by Jay CookeInv# AG1857
Country: United States
State(s): New York
Jay Cooke signs for his company; Early! Jay Cooke & Company was a U.S. bank that operated from 1861 to 1873. Headquartered in Philadelphia, Pennsylvania, with branches in New York City and Washington, D.C., the bank helped underwrite the Union Civil War effort. It was the first "wire" brokerage house, pioneering the use of telegraph messages to confirm securities transactions with clients. The bank became overextended in the building of the Northern Pacific Railway and failed, contributing to the Panic of 1873. Jay Cooke is generally acknowledged as the first major investment banker in the United States and creator of the first wire house firm. *3 Great Revenues on back*
Item ordered may not be exact piece shown. All original and authentic.