New York and New England Railroad Company issued to Henry Clews & Co. - Stock Certificate - SOLDInv# AG2209 Stock
Stock issued to Henry Clews & Co.
Henry Clews (1834-1923) was born in the United States on 14th August, 1834. He became a clerk in an import house but by 1860 was the owner of Livermore, Clews & Mason, an investment company in Wall Street.
During the American Civil War Clews helped the government to sell bonds to finance its increased spending. When Ulysses Grant (1869-1877) was president, Clews provided him with business and economic advice. Clews held conservative economic views and was a strong opponent of the trade union movement.
He organized the firm of Henry Clews & Company in 1877, its members pledging themselves never to take any speculative risk. He was a frequent contributor to newspapers and magazines. Author: "Twenty-Eight Years in Wall Street," "The Wall Street Point of View." Henry Clews died on 31st January, 1923.
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.