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Missouri, Kansas & Texas Railway Co. Stock Issued to & Signed Twice by Jay Gould [134061]

Currency:USD Category:Collectibles / Autographs Start Price:400.00 USD Estimated At:800.00 - 1,200.00 USD
Missouri, Kansas & Texas Railway Co. Stock Issued to & Signed Twice by Jay Gould  [134061]
SOLD
400.00USDto B******h+ (100.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2021 May 13 @ 10:22UTC-7 : PDT/MST
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No. B10810, issued for 100 shares to Jay Gould on Oct. 12th, 1880. Signed by president Jay Gould and secretary Clemson. Punch cancelled signatures. Signed again by Gould on the reverse, and the signature is intact. Green border, black print, and livestock vignette. ABN. 7.75 x 11.25" Pinholes, folds, soiling. Jay Gould (1836-1892) is known as one of the "robber barons" of the Gilded Age. His career in railroad and stock speculation began in 1859. Gould & Fisk were also implicit in what is known as Black Friday (1869). Their plan was to buy enough gold to drive the price of gold way up, then forcing wheat farmers to sell their supply which would provide increased freight service for Gould's Eastern railroads. Gould even used President Ulysses S. Grant's brother-in-law, Abel Corbin, to try and influence Grant and his cabinet. When the premium over face value on a gold Double Eagle fell from 62 percent to 35 percent, it caused a panic in the financial markets (Black Friday). While Gould & Fisk made a small amount of money from the deal, Gould eventually lost it with lawsuits and the scandal tarnished his image with the public. After leaving the Erie Railway, Gould turned his eye toward Western railways. He took control of Union Pacific in 1873, and was also involved in the Missouri Pacific Railroad and Western Union, greatly increasing his wealth. He died in 1892 from tuberculosis.

Date: 1880
Country (if not USA):
State: Missouri
City:
Provenance: Ken Prag Collection