1385

North American Land Company Stock Signed by Founding Father Robert Morris, Uncancelled [197636]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:200.00 USD Estimated At:400.00 - 1,000.00 USD
North American Land Company Stock Signed by Founding Father Robert Morris, Uncancelled [197636]
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North American Land Co. stock issued to James Rees in 1795. Signed by Robert Morris as president and James Marshall as secretary. Morris' signature is not cancelled! 9.75 x 12" Robert Morris was the financier of the American Revolution, and one of only two Founding Fathers to sign all three key American documents: The Declaration of Independence, the Constitution, and the Articles of Confederation. Morris was the first to use the dollar sign in official documents. 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! The financial Panic of 1796 led to his financial ruin and he was incarcerated for debt in the Prune Street 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. We could not locate any information about James Rees.
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Date: 1795
Country (if not USA):
State: Pennsylvania
City: Philadelphia
Provenance: Ken Prag Collection