1516

North American Land Co. Stock w/ Autograph of a Signer of the Declaration of Independence (109148)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:200.00 USD Estimated At:400.00 - 600.00 USD
North American Land Co. Stock w/ Autograph of a Signer of the Declaration of Independence  (109148)
SOLD
425.00USDto d*******f+ buyer's premium (106.25)
This item SOLD at 2020 Dec 17 @ 16:46UTC-8 : PST/AKDT
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Very early stock with a very important signature. Issued for 10 shares to Bird Savage & Bird of London in Sept. 1795. Signed by Robert Morris as president and James Marshall as secretary. Pen cancelled signature. 9.75 x 12" 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!

Date: 1795
Country (if not USA):
State: Pennsylvania
City: Philadelphia
Provenance: Ken Prag Collection

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