Thomas A. Scott signed Jeffersonville, Madison and Indianapolis Railroad Co. Autograph Stock Certificate - 1871 dated Autograph Railway Stock Certificate
Inv# AG1358A Stock
Wisconsin
Stock signed by Thomas A. Scott as president. Extremely Rare! 2 revenue stamps!
Thomas Alexander Scott (December 28, 1823 – May 21, 1881) was an American businessman, railroad executive, and industrialist. In 1861, President Abraham Lincoln appointed him to serve as U.S. Assistant Secretary of War, and during the American Civil War railroads under his leadership played a major role in the war effort. He became the fourth president of the Pennsylvania Railroad (1874–1880), which became the largest publicly traded corporation in the world and received much criticism for his conduct in the Great Railroad Strike of 1877 and as a "robber baron." Scott helped negotiate the Republican Party's Compromise of 1877 with the Democratic Party; it settled the disputed presidential election of 1876 in favor of Rutherford B. Hayes in exchange for the federal government pulling out its military forces from the South and ending the Reconstruction era. In his final years, Scott made large donations to the University of Pennsylvania. Read more at https://en.wikipedia.org/wiki/Thomas_A._Scott
The Jeffersonville, Madison and Indianapolis Railroad (JM&I) was formed in 1866 as a merger between the Indianapolis and Madison Railroad and the Jeffersonville Railroad. Read more at https://en.wikipedia.org/wiki/Jeffersonville,_Madison_and_Indianapolis_Railroad
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.
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