Saint Paul & Duluth Railroad Company Issued to and Signed by Charles D. BarneyInv# AG2094 Stock
Stock Issued to and signed twice by Charles D. Barney.
Charles D. Barney (1844-1945)
Charles D. Barney was an American stockbroker.
Born in Sandusky, Ohio, Barney married the daughter of prominent Philadelphia financier Jay Cooke. Following the collapse of his father-in-laws Philadelphia banking house, in December of 1873 Charles D. Barney and Jay Cooke, Jr. as a minority partner, formed the stock brokerage firm, Chas. D. Barney & Co.
In 1938, Charles D. Barney & Co. and Edward B. Smith & Co. merged to form Smith Barney & Co.
Charles D. Barney died in 1945 at the age of 101 at Elkins Park, Pennsylvania near 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.