Saint Paul and Duluth Railroad Co. Issued to and signed by Amos R. EnoInv# AG2121 Stock
Stock issued to and signed at back by Amos R. Eno.
Amos Richards Eno (November 1, 1810 – February 21, 1898) was an American real estate investor and capitalist in New York City. He built the Fifth Avenue Hotel and many other developments on the streets of Broadway and Fifth Avenue, where he established a prominent family fortune of 20 to 40 million U.S dollars. Amos R. Eno began his career as a merchant of dry goods who expanded into real estate in New York City having built the Fifth Avenue Hotel in New York City and much valuable real estate in New York City where he established a prominent family fortune. Having clerked in a small general store in Hartford, Connecticut, he married Lucy Phelps, also of Simsbury, and moved to New York, where he and his cousin John Jay Phelps opened a profitable dry goods business. While making a fortune in the dry goods business, Amos Eno parlayed his profits into real estate investment in Manhattan, New York, buying corner lots and occasionally full undeveloped city blocks. His brownstone-fronted store at 74 Broadway had the reputation of having been the first use of brownstone in the city. Retiring from active participation as a merchant, he concentrated in 1856–59 in building the famous Fifth Avenue Hotel at the corner of Fifth Avenue and 23rd Street in Madison Square, Manhattan, and the adjacent Madison Square Theatre in 1863. North of Madison Square, Eno built a brick four-storey house at 233 Fifth Avenue, between 26th and 27th Streets, that served as his residence for many years. In April 1890, Eno sold it to The Reform Club for $240,000 (equivalent to $6,829,333 in 2019). Anson Phelps Stokes was in 1888 its founding president. Before moving into Eno's mansion, the club had been located at 12 East 33rd Street. The structure at 233 Fifth Avenue, still much in its original form, currently is the home of the Museum of Sex. Eno and relatives, in April 1882, chartered the Second National Bank of New York, headquartered in the hotel. In 1884 scandal hit the family bank when one of Amos' sons, John Chester Eno, president of the bank, embezzled millions of dollars and then fled to Canada to avoid prosecution. Eno never closed the bank, though three to four million dollars were withdrawn in panic, and made good his son's embezzlement, "though he never recovered from the shock". He held the greater part of a full block facing Broadway in Longacre Square (now Times Square). His last real estate speculations were in open lots in the Upper West Side.
Originally incorporated in 1863 and known as the Lake Superior and Mississippi Railroad, the road provided the first service between Duluth and the Twin Cities upon its completion in 1870. Serving as the all-important eastern terminus of the Northern Pacific Railroad, the road linked the Great Lakes and the Mississippi River. A victim of the panic of 1873, the company defaulted on its bonds and was reorganized in 1877 as the Saint Paul and Duluth Railroad. It was absorbed by the Northern Pacific in 1900. These exceptional stocks are beautifully printed by American Bank Note Company. The two Steamships and Locomotive scenes are so very impressive. A fine example of engraving of this Golden Era of Financial Printing.
The St. Paul and Duluth Railroad was reorganized from the Lake Superior and Mississippi Railroad in 1877. It was bought by the Northern Pacific in 1900. Known as the "Skally Line", it operated from Saint Paul to Duluth, Minnesota, with branches to Minneapolis, Taylors Falls, Kettle River, and Cloquet, in Minnesota, and Grantsburg and Superior in Wisconsin.
The line was purchased by the Northern Pacific Railway, which was succeeded by the Burlington Northern and then the Burlington Northern Santa Fe. Most of the line became redundant with other lines after the Burlington Northern merger, as it paralleled another line of the Great Northern Railway. Most of the line therefore was abandoned and many segments were turned into rail trails.
The disposition of those segments is as follows:
- St. Paul, Minnesota to Maplewood, Minnesota - abandoned; now part of the Bruce Vento Regional Trail
- Maplewood, Minnesota to Hugo, Minnesota - now operated by the Minnesota Commercial Railway
- Hugo, Minnesota to North Branch, Minnesota - abandoned; now the Hardwood Creek Regional Trail and Sunrise Prairie Trail
- North Branch, Minnesota to Hinckley, Minnesota - now operated by the St. Croix Valley Railroad
- Hinckley, Minnesota to Duluth, Minnesota - abandoned; now the Willard Munger State Trail
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.