Syracuse and Utica Rail Road Co. Signed by Jacob Little and Chas. Christmas - Pair of Transfer Stock Receipts

Uncut Pair of Stock Transfers signed by Jacob Little and Chas. Christmas.

Jacob Little originated the daring, dashing style of business in stocks, by which fortunes are made and lost in a day. He was born in Newburyport, Mass., and early exhibited great tact and aptitude for business. In 1817 he came to N.Y., and entered the store of Jacob Barker, who was at that time the most shrewd and talented merchant in the city. He remained with his master 5 years, and completed his financial education. In 1822 he opened an office in a small basement on Wall Street. Caution, self-reliance, integrity, and far-sightedness beyond his years, marked his early career. His ambition was to hold the foremost place in Wall Street. Eighteen hours a day he devoted to business. His evenings he spent in visiting retail houses to purchase uncurrent money.  He opened a correspondence with leading bankers in all the principal cities from N.Y. to New Orleans.

Twelve years of industry, integrity, and energetic devotion to business placed Mr. Little at the head of financial operations on Wall Street. He identified himself with the style of business known as " Bearing Stocks." He was called the Great Bear on 'change. His mode of business enabled him to roll up an almost untold fortune. He held on to his system till it hurled him down and beat him to pieces. For more than a quarter of a century Mr. Little's office in the old Exchange building was the centre of daring, gigantic speculations. On change his tread was that of a king.  He was rapid and prompt in his dealings, and his purchases were usually made with great judgment. He controlled so large an amount of stock that he was called the Napoleon of the Board. When capitalists regarded railroads with distrust, he put himself at the head of the railroad movement. He comprehended the profit to be derived from their construction. In this way he rolled up an immense fortune, and was known everywhere as the Railway King. He was the first-to discover when the business was overdone, and immediately changed his course. At this time the Erie was a favorite stock, and was selling at par. Mr. Little contracted to sell a large amount of this stock, to be delivered at a future day. His rivals on Wall Street, anxious to floor him, formed a combination. They took all the contracts he offered, bought up all the new stock, and placed everything out of Mr. Little's reach, making it, as they thought, impossible for him to carry out his contracts. His ruin seemed inevitable, as his rivals had both his contract and the stock. The morning dawned when the stock must be delivered, or the Great Bear of Wall Street break.  At one o'clock he entered the office of the Erie company. He presented certain certificates of indebtedness which had been issued by the corporation. By those certificates the company had covenanted to issue stock in exchange. That stock Mr. Little demanded. Nothing could be done but to comply. With that stock he met his contract, floored the conspirators, and triumphed.

Walking from Wall Street with a friend one day they passed through Union Square, then the abode of our wealthiest people. Looking at the rows of elegant houses, Mr. Little remarked, "I have lost money enough today to buy this whole square. Yes," he added, "and half the people in it." Three times he became bankrupt. In each failure he recovered, and paid his contracts in full. It was a common remark among the capitalists, that " Jacob Little's suspended papers were better than the checks of most men." His personal appearance was commanding. He was tall and slim; his eye expressive; his face indicated talent; the whole man inspired confidence. He was retiring in his manner, and quite diffident except in business. He was generous as a creditor. If a man could not meet his contracts, and Mr. Little was satisfied that he was honest, he never pressed him. After his first suspension, though legally free, he paid every creditor in full, though it took nearly a million dollars.

He was a devout member of the Episcopal Church. his charities were large, unostentatious, and limited to no sect. The Southern Rebellion swept away his remaining fortune, yet, without a murmur, he laid the loss on the altar of his country. He died in the bosom of his family. His last words were, * I am going up. Who will go with me ? "

Charles Christmas: Christmas Brought Order to the Streets of Minneapolis. As we travel about the City of Minneapolis, most of us never stop to think about how easy it is to arrive at our destination. It's only when we travel to cities where streets are laid out in a less orderly manner that we have reason to appreciate that our avenues are neatly laid out to run north and south and our streets laid out to run east and west. The man that we have to thank for that is Charles Christmas.

Charles Christmas, his wife, and nine children arrived in St. Anthony on July 3, 1850, eight years before Minnesota became a state. He was one of the earliest territorial pioneers to file a homestead claim in North Minneapolis after the signing of the Traverse des Sioux Treaty in 1851. In 1852, he was elected Hennepin County 's first surveyor, and he was the first to survey land west of the Mississippi River.

In May 1851, Colonel John Stevens, who is widely regarded as the founder of Minneapolis, commissioned Christmas to survey and plat 100 acres in what is now downtown Minneapolis. When the federal government conducted its own survey in 1854, they found Christmas' measurements so accurate that none of them had to be altered. Nonetheless, Christmas and Stevens were criticized by some of their contemporaries who believed that Minneapolis would never have more than 50,000 people; they thought it was wasteful to design a city with 100-foot wide avenues and 80-foot wide streets.

Christmas was also the chief engineer of all of the territorial roads leading out of Minneapolis and St. Anthony. He surveyed much of the land in and around Excelsior where Christmas Lake was named in his honor.

In May 1942, the Hennepin County Historical Society and the Pioneers and Soldiers Memorial Cemetery Association held a memorial service during which they unveiled a monument to Charles Christmas. The seven-foot tall monument is constructed of Kasota marble that was salvaged from the demolition of Minneapolis ' first Central High School. The monument's original bronze plaque that described Christmas' accomplishments disappeared some time ago and has been replaced by a hand-written insert bearing the same text as the original. Later that year, Anna M. Howe, the widow of one of Christmas' grandsons, donated the compass that Christmas used for surveying to the Hennepin County Historical Society.

Christmas died from “old age” in Chicago on June 17, 1884, at the age of 88. He was buried in Minneapolis Pioneers and Soldiers Cemetery next to his wife, Mary Ann, who died on June 13, 1871; the cause of her death was also listed as old age. Two of their sons, Charles Jr. and Harold (“Hod”) are also buried in the family plot. Hod died in Wooster, Ohio, on May 12, 1852, from scarlet fever at the age of seven years and six months. He was originally buried in Ohio, but his remains were moved to Minneapolis in 1871 and buried next to his mother's. Charles Jr. died on November 28, 1867, from consumption (tuberculosis) at the age of 24.

The Syracuse and Utica Railroad was chartered May 1, 1836, and had to pay the state for any freight displaced from the Erie Canal. The full line opened July 4, 1839, extending the line further to Syracuse, New York to Rome, New York (and further to Auburn, New York via the already-opened Auburn and Syracuse Railroad). The road was consolidated into the New York Central Railroad in 1853.

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