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$1,516,000 Lake Shore and Michigan Southern Railway Co. signed by 3 Vanderbilts! - 1906 dated Stock Transfer and Receipt

Inv# MD1022   Stock
State(s): Michigan
New York
Years: 1906

$1,516,00 Stock Transfer and Receipt signed by William K. Vanderbilt, Frederick W. Vanderbilt and George Washington Vanderbilt. Surviving Trustees under the will of W.H. Vanderbilt, deceased. Extremely rare!

William K. Vanderbilt, Jr. (1878-1944) was a railroad executive and the son of William K. Vanderbilt. He began his career with the New York Central Lines in 1903, became the assistant to the President in 1910, was promoted to Vice President in 1912, and then became President in 1918. He also served as a Director for the Western Union Telegraph Company and was a member of the U.S. Navy from 1917 to 1918. 

Frederick W. Vanderbilt (1856-1938) was a capitalist and the son of William H. Vanderbilt. He received his business training in the offices of his father's railroad system. He owned a magnificent steam yacht named 'The Warrior' and had an exceptional estate located at Hyde Park on the Hudson River. He served as a Director for numerous railroads and other corporations. Together with his brothers Cornelius and William K., he played a significant role in maintaining the strength of the New York Central System. 

George Washington Vanderbilt III (November 14, 1862 – March 6, 1914) was an art collector and a member of the distinguished Vanderbilt family, which accumulated substantial wealth through steamboats, railroads, and various business ventures. He commissioned the construction of a 250-room mansion, known as the Biltmore Estate, which is the largest privately owned residence in the United States. George W. Vanderbilt III was the youngest child of William Henry Vanderbilt and Maria Louisa Kissam. Although there is no evidence that he referred to himself with a numerical suffix, he has been referred to in various sources as both George Washington Vanderbilt II and III. The Biltmore recognizes him as George W. Vanderbilt III due to the existence of two uncles with the same name, the first of whom passed away at the age of four. As the youngest of William's children, George was considered to be his father's favorite and a constant companion. Family members described him as slender, dark-haired, and pale-complexioned. He was shy and introverted, with interests in philosophy, literature, and the collection of paintings from his father's extensive art gallery. He amassed a private library containing over twenty thousand volumes. In addition to his frequent visits to Paris, France, where several Vanderbilts maintained residences, George Vanderbilt traveled widely and became fluent in several foreign languages.

William Henry "Billy" Vanderbilt (May 8, 1821 – December 8, 1885) was a prominent American businessman and philanthropist. He was the firstborn son of Commodore Cornelius Vanderbilt, inheriting a significant portion of his wealth and being a notable figure within the Vanderbilt family. After assuming control of his father's estate in 1877, Vanderbilt became the wealthiest American until his death in 1885, bequeathing a considerable share of his fortune to his wife and children, especially to his sons Cornelius II and William. He received nearly $100 million from his father, and by the time of his passing, his wealth had doubled in less than nine years. 

The Lake Shore and Michigan Southern Railway, founded in 1833 and often called the Lake Shore, played a crucial role in the New York Central Railroad's Water Level Route, which connected Buffalo, New York, to Chicago, Illinois. This route primarily followed the southern shore of Lake Erie through New York, Pennsylvania, and Ohio, extending into northern Indiana. The railway's tracks continue to serve as a vital rail transportation corridor today, accommodating Amtrak passenger services. As of 1998, ownership of the line was divided at Cleveland, with CSX managing the eastern section and Norfolk Southern overseeing the western segment.

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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: $975.00