1307

Merchants Union Express Company Stock Certificate [134079]

Currency:USD Category:Collectibles / Autographs Start Price:100.00 USD Estimated At:200.00 - 400.00 USD
Merchants Union Express Company Stock Certificate  [134079]
SOLD
100.00USDto k*****e+ buyer's premium (25.00)
This item SOLD at 2021 May 13 @ 11:56UTC-7 : PDT/MST
SHIPPING & HANDLING: Shipping is subject to a minimum charge of $19.00. Shipping and handling cannot be estimated prior to invoicing as it is based on the size and weight of your purchase. Additional shipping and handling costs, if required, will be re-invoiced for the balance due. Items are not shipped until the invoice is completely paid. Many buyers purchase a number of lots. Every effort will be made to include all lots in a single shipping charge calculated to cover the weight and size.SHIPPING & HANDLING: Shipping and Handling cannot be estimated prior to invoicing, based on the size a...
Inc. in New York. No. 2908, issued for 10 shares to Shephardson & Co. of Sturgis, Michigan, on Sept. 19th, 1867. Signed by the president (illegible and faded) and secretary Knapp. Stamp cancelled. Black border and green underprint, vignette of express wagon leaving train depot. Printed by Hatch & Co., NY. Endorsed on the reverse. 5 cent adhesive revenue stamp attached at bottom left. Heavy toning, tears along edges, some fading of the ink. Approx. 9 x 11.5" Near the close of the Civil War, Merchants Union Express was created specifically to compete with American Express and the Wells-Fargo-Butterfield-Livingston business family. The Merchants Union Express raised Cain with American Express. In a swift corporate move, American Express increased their capital stock to 18,000 shares on May 1, 1866, still with Wells, Fargo and Holland at the helm. This increase in capital would allow the Company the freedom to buy other express, steamship or rail lines to strengthen their hold on a monopoly of the express business east of the Missouri River. The prospect of purchasing the Merchants Union Express was a long one. Finally, Capital Stock was issued and the companies merged November 25, 1868, allowing for a new company to emerge, The American Merchants Union Express Co.


Date: 1867
Country (if not USA):
State: New York
City: Auburn
Provenance: Ken Prag Collection