Skip to main content

Spuyten Duyvil and Port Morris Rail Road Co. signed twice by Cornelius Vanderbilt II - Stock Certificate

Inv# AG1155A   Stock
Spuyten Duyvil and Port Morris Rail Road Co. signed twice by Cornelius Vanderbilt II - Stock Certificate
State(s): New York
Years: 1869

Stock signed front and back by Cornelius Vanderbilt II. Especially exciting in that it is isssued to Leonard W. Jerome, financier and grandfather of Winston Churchill! Also available issued to James H. Banker or Isaac C. Bricklant. Unique! Please specify variety.

Cornelius Vanderbilt II (1843-1899) Noted Financier and Head of the House of Vanderbilt in the third generation. He was the favorite grandson of Cornelius Vanderbilt, who left him $5 million, and the eldest son of William Henry Vanderbilt, who left him close to $70 million. In his turn he succeeded them as head of the New York Central and related railroad lines in 1885. He had a reputation as something of a workaholic, though a stroke in 1896 compelled him to reduce his active business involvement. Though retired from active control he took an advisory role in the many properties in which he, and the family, had made investments. Regarded as a capable and conservative railroad manager, and a splendid accountant; mastering the intricacies of the banking system during his association with the Shoe and Leather Bank of New York. Between 1885 and his untimely death in 1899 the stock of the leading railroads, with which the Vanderbilt name was then identified, had enhanced in value to the amount of $173,497,000. over their worth at the time he assumed control. Kindly, charitable, and democratic, he held the respect of employees at all levels of the Vanderbilt railroad interests. This Cornelius, deriving no pleasure in yachting, or the Turf, sought the satisfactions of philanthropy, fine music, good paintings and exquisite architecture. He married Alice Claypoole Gwynne (1852-1934). Their eldest son William Henry Vanderbilt II (1870-1892) died while a junior at Yale University, and Cornelius endowed a large dormitory there. He disinherited his second son Cornelius Vanderbilt III (1873-1942) for marrying without his approval. Third son Alfred Gwynne Vanderbilt (1877-1915) went down with the RMS Lusitania. His remaining son was Reginald Claypoole Vanderbilt. His daughters were Gertrude Vanderbilt Whitney and Countess Gladys Vanderbilt Széchenyi. The fabulous Fifth Avenue mansions he, his brothers, and his sons lived in have been demolished, but the Newport, Rhode Island vacation home he built, The Breakers, still stands as a memory of the lifestyle of Cornelius Vanderbilt II. On his death, family leadership passed to his brother, William Kissam Vanderbilt. His philanthropy had been such that he did not increase the wealth that had been left to him.

Leonard W. Jerome (1817-1891) Leonard Walter Jerome (November 3, 1817 – March 3, 1891) was a Brooklyn, New York, financier and grandfather of Winston Churchill. Leonard Jerome was the son of Aurora Murray and Isaac Jerome. Jerome was born on a farm in the Central New York town of Pompey, near Syracuse. He studied law, graduated from Union College, and set up a practice in Rochester, New York. He later moved to New York City, where he became a stock speculator and promoter. Jerome was a flamboyant and successful stock speculator. He made and lost several fortunes, and was known as "The King of Wall Street". He held interests in several railroad companies and was often a partner in the deals of Cornelius Vanderbilt. He was a patron of the arts, and founded the Academy of Music, one of New York City's earliest opera houses. During the New York Draft Riots, Jerome defended the New York Times office building with a Gatling Gun. Although he had significant holdings in the Times, he was not the majority shareholder as is sometimes erroneously claimed. The Jerome Mansion, on the corner of Madison Avenue and 26th Street, had a six-hundred-seat theatre, a breakfast room which seated seventy people, a ballroom of white and gold with champagne- and cologne-spouting fountains, and a view of Madison Square Park. It was later sold and housed a series of private clubs. The mansion was torn down in 1967. Jerome was an avid sportsman. He enjoyed yachting with his friend, William K. Vanderbilt. They shared a special passion for thoroughbred horse racing and helped found the American Jockey Club. In 1866, Jerome bought the estate and mansion of James Bathgate near Old Fordham Village in what was then rural Westchester County, but is now The Bronx. Jerome and financier August Belmont, Sr. built Jerome Park Racetrack on the Bathgate land; the first Belmont Stakes was held there in 1867. Jerome and his brother Lawrence had a wide boulevard made from Macombs Dam to the track, which city authorities attempted to name "Murphy Avenue" after a local politician. This incensed Jerome's wife so much that she had bronze plaques saying "Jerome Avenue" made up and bolted into place along the road, forcing the city to accept the name. The racetrack was acquired and demolished by the city in 1894, to make way for Jerome Park Reservoir. The Bathgate mansion served as a summer home for the Jerome family. In the early 1900s, the mansion was razed and replaced by the Kingsbridge Armory. Jerome became a resident of Brooklyn. He, Vanderbilt, and other investors founded the Coney Island Jockey Club which in 1884 built the Sheepshead Bay Race Track.

Read More

Read Less

Condition: Excellent

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.

Item ordered may not be exact piece shown. All original and authentic.
Price: $514.00