Northern Pacific Railroad Company issued to and signed by Sidney DillonInv# AG2158 Stock
Stock issued to and signed on back by Sidney Dillon. Transferred to Brayton Ives.
Sidney Dillon (1812-1892) Railroad executive , born in Northampton, New York. He left his impoverished family farm at age seven to work as a water boy on railroad construction sites, and progressed to overseer and foreman.
One of America's premier railroad builders, Dillon began his career in the industry working as a water boy on the Mohawk and Hudson, one of America's earliest railroads. In 1840 his bid was accepted to build a small section of the Boston & Albany Railroad. This job launched his railroad career, which included becoming the major contractor for the Union Pacific Railroad. He was actively involved in the construction of numerous roads, his largest being the Union Pacific, with which he became actively involved in 1865 through a stock purchased in the Credit Mobilier. As one of the principal contractors for the Union Pacific, Dillon's vast experience in the construction of railroads proved invaluable. He took part in the laying of the last rail in 1869 and received one of the ceremonial silver spikes used to complete the project. He served as director of the Union Pacific (1864–92) and twice as its president (1874–84, 1890–2). He wrote ‘Historic Moments: Driving the Last Spike of the Union Pacific’, published posthumously in Scribner's magazine (Aug 1892).
Following 1870, Dillon was primarily known as a financier, becoming involved with Jay Gould in numerous ventures as well as serving on the board of directors of the Western Union Telegraph Co.
Brayton C. Ives (1840-1914) was born in Farmington, Connecticut. Graduating from Yale University in 1861, he entered the Union army as Adjutant of the 5th Connecticut Infantry and served throughout the war, being promoted successively to Captain, in October, 1861; Assistant Adjutant General, with rank of Captain, March, 1862; major, 1st Conn. Cav., January, 1864; Lieutenant Colonel, November, 1864, and Colonel of the regiment in January, 1865. During the last year of the War, he served under Custer and Sheridan and was mustered out in August, 1865, a brevet Brigadier General.
Married in 1867 to Eleanor A., daughter of the Rev S.B.S. Bissell of Norwalk, Connecticut, he is father of Winifred, Sherwood Bissell, Eunice and Frances Havens Ives.
In 1867, General Ives went into stock brokerage on Wall Street and soon became prominent at the Stock Exchange. Elected vice-president of the Exchange in 1876 and 1877, his associates made him president in 1878 and 1879. He was a member of the Governing Committee for thirteen years. Retiring from Wall Street in 1889, he accepted the presidency of The Western National Bank, April 1, 1890. By diligent study of the problems of finance, Gen. Ives has gained the rank of an authority.
He was president of The Northern Pacific Railroad from 1893 to 1896, director of The Mercantile Trust Co., The United States Guarantee Co., and The New York Stock Exchange Building Co., and chairman of The Westinghouse Electric & Manufacturing Co. He was a valued member of the Union League, Metropolitan, University, Century, Grolier, Players', New York Yacht, Tuxedo, and Riding clubs and The New England Society and Loyal Legion.
The press has published many essays from his pen. He was a collector of rare books and bric-a-brac, was a Presidential Elector on the Republican ticket in 1888, and chairman of the finance committee of the centennial celebration in New York in 1889.
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.