2140

North American Land Co Stock Signed by Morris and Marshall [156004]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:350.00 USD Estimated At:700.00 - 1,500.00 USD
North American Land Co Stock Signed by Morris and Marshall [156004]
SOLD
300.00USDto r**************r+ buyer's premium (75.00)
This item SOLD at 2022 Aug 26 @ 10:26UTC-7 : PDT/MST
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Certificate 12012 issued to Bird Savage & Birds of London for 10 shares of the North American Land Company, 1795. Not cancelled. Robert Morris, in addition to being a signer of the Declaration of Independence, was called the "financier of the American Revolution." But his involvement with the North American Land Company literally destroyed his life. During the Revolutionary War Morris, an extremely wealthy Philadelphian, kept his friend George Washington and his troops fed, clothed, and armed. After the war Morris tried his hands in other ventures including the largest land trust in American History and is one of the first publicly traded Real Estate companies. To make a long story short, his investments turned bad and the harder he tried to reverse his fortunes the deeper in debt he became. So, in 1798 the financier of the American Revolution and signer of the Declaration of Independence found himself in debtors prison! James Marshall (brother of Chief Justice John Marshall) was his son-in-law and made a valiant but unsuccessful trip to Europe to gain supporters.

Date:
Country (if not USA):
State: Pennsylvania
City: Philadelphia
Provenance: Ken Prag Collection