Saint Paul and Duluth Railroad Co. Issued to and signed by Edward White Clark - Autograph Stock CertificateInv# AG2100 Stock
Stock Issued to and stamp signed on back by Edward White Clark. Signature is of the son to the senior, Enoch White Clark.
He was born on January 20, 1828 to Enoch White Clark, a member of the Clark banking family and Sarah Crawford Dodge. He married Mary T. Sill on July 18, 1855, and had six children: Edward Walter II (1858–1946), Clarence Munroe (1859–1937), Joseph Sill Sr. (1861–1956), Herbert L. (1865–1940), Marion (1867–1938), and Percy Hamilton (1873–1965).
Clark developed an interest in Assyriology and Egyptology, and along with his brother Clarence, endowed the Chair in Babylonian Research at the University of Pennsylvania. This marked the university's first step toward creating the University of Pennsylvania Museum of Archaeology and Anthropology. He died on April 9, 1904.
Enoch White Clark (November 16, 1802 – August 4, 1856) was the founder of E. W. Clark & Co., a prominent financial firm based in Philadelphia, Pennsylvania, that helped the U.S. government finance the Mexican–American War. In 1857, Clark was listed as one of Philadelphia's 25 millionaires.
Clark also launched the financial career of Jay Cooke, who helped finance the Union's war effort in the Civil War and establish a true national currency.
Clark was born in Easthampton, Massachusetts, a descendant of Captain William Clark (1609–1690), who emigrated from England aboard the ship Mary and John and landed at Plymouth, Massachusetts, in 1630, and moved to the town of Easthampton in 1639. Enoch traced his descent from William as follows: John (1651-1704), John (1679-1768), Eliakim (1707-1781), Lt. Asahel (1737-1822), to his father, Bohan (1772-1846), a merchant and miller who married Mary White (1777-?) on February 11, 1802.
Enoch Clark got his start in finance by working as an office boy at S. & M. Allen & Company, a prominent Philadelphia bank. In 1823, he was made a partner of a new branch of the bank in Providence, Rhode Island. On February 1, 1826, Clark married Sarah Crawford Dodge (1806-1878), a daughter of Nehemiah Dodge. (After she died, her son Edward White Clark commissioned a stained-glass window in her memory in the First Unitarian Church of Philadelphia.
In 1832, Clark launched his own bank in Boston, Massachusetts; it failed four years later, whereupon he headed back to Philadelphia.
In 1837, he created the E. W. Clark & Co. financial house with his two brothers, Luther Clapp Clark (July 4, 1815 - 1877) and Joseph Washington Clark (1810-1892); and brother-in-law, Edward Dodge. It was described as a "general banking, commission, and exchange business."
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.