Skip to main content

Vanderbilt Newspapers, Inc. signed by Cornelius Vanderbilt III - Stock Certificate

Inv# AG1613A   Stock
Vanderbilt Newspapers, Inc. signed by Cornelius Vanderbilt III - Stock Certificate
State(s): Delaware
Years: 1924 or 1925

Stock printed by Goes and signed by Cornelius Vanderbilt III. Portrait and biography included with stock. Available in Green-Preferred or Brown-Common. Please specify color.

Cornelius Vanderbilt III (1873-1942) Cornelius Vanderbilt III (September 5, 1873 – March 1, 1942) was a distinguished American military officer, inventor, engineer, and yachtsman, and a member of the prominent American Vanderbilt family. Called "Neily" by his close friends, he was the great-grandson of Cornelius Vanderbilt. He was born in New York City to Alice Claypoole Gwynne and Cornelius Vanderbilt II. He was educated by private tutors at St. Paul's School in Concord, New Hampshire before attending Yale University where he graduated with a Bachelor of Arts degree in 1895. Against his father's wishes, in August 1896 he married Grace Graham Wilson, the youngest child of New York banker Richard T. Wilson, Sr. Remaining at Yale until 1899, he earned a Bachelor of Philosophy degree and, having a great deal of interest in the mechanical and engineering aspects of his family’s railroad business, he also earned a degree in mechanical engineering. Ostracized by his parents and even to some extent by his siblings, on his father's death in 1899 Neily Vanderbilt received only $500,000 in cash and the income from a $1 million trust fund. The bulk of his father's $70 million estate went to Neily's brother, Alfred Gwynne Vanderbilt, who then helped undo some of his father's enmity and gave Neily the amount of $6 million. However, as a result of his parents' attitude towards his marriage, it would be 27 years after his father's death before he finally reconciled with his aging mother. Neily and Grace Vanderbilt remained married for the rest of their lives and had two children, Cornelius IV, who would marry seven times, and a daughter, Grace. Neily Vanderbilt was an inveterate tinkerer with all things mechanical and during his lifetime he patented more than 30 inventions for improving locomotives and freight cars, including several which brought him a significant royalty income. Some of the most important were a corrugated firebox for locomotives that resulted in a substantial increase in fuel efficiency plus a cylindrical styled tank car for the transport of bulk oil as well as a revolutionary type of locomotive tender. In addition, on his travels to London and Paris he saw the potential for adapting their subway systems for New York City and partnered with August Belmont, Jr. to establish the Interborough Rapid Transit Company for the construction of the city's first subway. In 1901, he was made a Second Lieutenant in the 12th Infantry Regiment of the New York National Guard and remained a member of the military for 33 years. He fought in the border wars with Mexico in 1916, and in World War I served overseas as commander of the 102nd Engineers. Rising through the ranks to Brigadier General, he was placed in command of the 25th Infantry Brigade. For his services during the War, he was given the Distinguished Service Medal by the government of the U. S., the New York State Conspicuous Service Medal, made a commander of the Order of the Crown (Belgium) and awarded that country's Croix de Guerre. The government of France made him a Commander of the Legion of Honor. As with other members of the Vanderbilt family, yachting was one of Neily Vanderbilt's favorite pastimes as an escape from a busy life that included a seat on the Board of Directors of a number of major American corporations. His yacht successfully defended the America's Cup in 1903. In 1910, he piloted his yacht to victory in the New York Yacht Club's race for the King Edward VII Cup.

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: $429.00