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Jay Gould signed Missouri, Kansas and Texas Railway - "The Katy" - 1880's dated Autograph Stock Certificate

Inv# AG1110   Stock
State(s): Kansas
Missouri
New York
Texas
Years: 1880's
Color: Green and Black

Stock neatly hole and stamp cancelled, Signature at front of Jay Gould as President. A nice portrait of Gould is included. Nicer than normally found. Popular!

Jay Gould (1836-1892) Financier. As a youth, was involved in surveying and showed precocious skill in money-making. He began speculating in railroads post 1860. His operations became spectacular when in 1867 with James Fisk he became a director of the Erie Railroad, of which Daniel Drew was treasurer and controlling agent. In the ensuing struggle for control with Cornelius Vanderbilt, Gould supplied the strategic imagination. Defying a court injunction, Gould, Fisk and Drew broke Vanderbilt's attempted corner by flinging 50,000 Erie shares on the market in March 1868. Gould, by lavish bribes, then effected passage of a bill by the New York legislature legalizing the recent issue of Erie stock and forbidding union of the Erie and the New York Central. This all led to the 1869 attempt to corner the gold market, bringing on the disastrous panic of Black Friday (September 24). By 1890 he owned half of the railroad mileage in the Southwest. He was practically full owner of the New York City elevated railways, and controlled the Western Union Telegraph Co.
 
The Missouri–Kansas–Texas Railway (reporting mark MKT) is a former Class I railroad company in the United States, with its last headquarters in Dallas. Established in 1865 under the name Union Pacific Railway, Southern Branch, it came to serve an extensive rail network in Texas, Oklahoma, Kansas, and Missouri. In 1988, it merged with the Missouri Pacific Railroad; today, it is part of Union Pacific Railroad. In the 1890s the MKT was commonly referred to as "the K-T", because it was the Kansas-Texas division of the Missouri Pacific Railroad and "KT" was its stock exchange symbol. This soon evolved into the nickname "the Katy". Read more at https://en.wikipedia.org/wiki/Missouri%E2%80%93Kansas%E2%80%93Texas_Railroad

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Condition: Excellent

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.

Item ordered may not be exact piece shown. All original and authentic.
Price: $484.00