Northern Pacific Railroad Company issued to Charles D. Barney & Co.Inv# AG2147 Stock
Stock issued to Charles D. Barney & Co. and signed on back by Chas. D. Barney & Co. in his hand.
Barney was born in Sandusky, Ohio, the son of a grain merchant. Barney attended the University of Michigan in Ann Arbor, Michigan when the American Civil War broke out. Barney's older brother was killed and at the end of 1862, Barney was permitted by his family to enlist in the U.S. Army. After the war, Barney worked briefly as a clerk at a bank in Sandusky.
After two years, Barney moved to Philadelphia, where he married Laura E. Cooke, the daughter of prominent Philadelphia financier Jay Cooke, joining the firm of Jay Cooke & Company Following the collapse of his father-in-law's Philadelphia banking house, in 1873, Barney reorganized the firm as Chas. D. Barney & Co. Barney's brother-in-law, Jay Cooke, Jr., joined the new firm as a minority partner.
Barney was a director of the Union League of Philadelphia.
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.