Lake Shore Railway Company Issued to Jay Cooke & Co. and signed by Henry Devereux - Stock CertificateInv# AG1381B Stock
Stock printed by American Bank Note-NY. Issued to Jay Cooke & Co. and Devereux signs as President. Exceptional Quality! Rare!
Jay Cooke (1821-1905) Banker. A chance move to Philadelphia as a result of the panic of 1837 determined Jay Cooke's future career, with his eventually ending up as a partner in the distinguished banking house of Clark & Company in that city. Retiring as a wealthy man in 1857, he could not stay idle long, and founded Jay Cooke & Company in 1861, destined to become one of the most widely known banking houses in the country. Serving as treasury agent for the U.S. government during the Civil War, Cooke's banking house handled with great success the larger part of the $2 billion in bonds which the government issued to finance the war effort. After the war, Cooke's banking house specialized in financing very large enterprises, most notably the construction of the Northern Pacific Railroad. In the depression of 1873, however, the house failed, helping bring on the panic of 1873. In October 1867, the Cleveland, Painesville and Ashtabula Railroad leased the Cleveland and Toledo Railroad. The CP&A changed its name to the Lake Shore Railway on March 31, 1868, and on February 11, 1869 the Lake Shore absorbed the Cleveland and Toledo. On April 6 the Michigan Southern and Northern Indiana Railroad and Lake Shore merged to form the Lake Shore and Michigan Southern Railway, which absorbed the Buffalo and Erie Railroad on June 22, giving one company the whole route from Buffalo to Chicago. The main route passed through Dunkirk, New York, Erie, Pennsylvania, Ashtabula, Ohio, Cleveland, Ohio, Toledo, Ohio, Waterloo, Indiana and South Bend, Indiana.
John Henry Devereux (26 July 1840 – 16 March 1920), also called John Delorey before 1860, was an American architect and builder best known for his designs in Charleston, South Carolina. According to the National Park Service, he was the "most prolific architect of the post-Civil War era" in the Charleston area. His works are listed on the U.S. National Register of Historic Places. His Charleston Post Office and Courthouse has been designated as a U.S. National Historic Landmark. In his career, Devereux also designed a theatre, a synagogue, a Masonic hall (he became a Mason to do it, though he was Catholic), and Catholic, African Methodist Episcopal (AME) church , and Lutheran churches. One of the latter was the tallest building in South Carolina for over a hundred years. He blended and mixed architectural influences and styles.
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.