Pacific Express Co. - Unique Vignette Stock Certificate - Express Rider on HorsebackInv# GS5583 Stock
Measures 9.5" wide x 5" tall. This Pacific Express Co. stock certificate has a very unique vignette of an express rider on horseback. The company was incorporated on March 2, 1855. Britton and Rey Company printed the stock, which was out of San Francisco. Several past employees of Adams & Company, which went bankrupt in February 1855, formed the Pacific Express. Pacific Express operated for about 2 years mostly in California, but other areas of the United States.
An express company is a business developed in the United States which provides for the speedy transmission of parcels or merchandise of any kind and their safe delivery in good condition. “Collect on delivery” service is also featured, the express company making the collecting and forwarding “returns” to the shipper. Money orders also are issued, payable at any of the numerous offices throughout the United States.
Express service had its beginnings in the trip made from Boston to New York by William F. Harnden (1813-45), the first “express-package carrier,” on March 4, 1839. The plan recommending itself to business men, competing companies sprang up rapidly, and express lines were established in all directions. Adams & Company's California express was started in 1849; Wells, Fargo & Company's in 1852; the American-European Company in 1855. As railroads extended, the early “pony express” disappeared, and individual companies made contracts with the railroad companies, their business over these routes being held to be entitled to the protection of the courts against any efforts to dispossess them. Many of the rival companies united, and now are joint-stock institutions, employing capital amounting to over $50,000,000.
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.