April 7th Rare Autographs, Manuscripts and Sports Auction
This lot is closed for bidding. Bidding ended on 4/7/2022
Superb $1000 100 year bond of the New Jersey Junction Railroad dated 1886. The bond is boldly signed at back by J. Pierpont Morgan and H. C. Fahnstock as Trustees. A large impressive vignette of a harbor scene is also on the back. Graphically beautiful both front and back. An additional bond is included but left unsigned. Both are in fine condition.
J. Pierpont Morgan (1837-1913), Banker, Connoisseur of Art. Son of Junius S. Morgan. Involved in his early years in a broad range of finance, his company, J. P. Morgan & Co. became one of the most powerful banking houses in the world. He engaged in several dubious pieces of business during the Civil War period, but was essentially an organizer and stabilizing force in business. After the failure of Jay Cooke's firm, Morgan's firm became dominant in government financing and in financing railroads. Among his most daring undertakings was the formation of the US Steel Corp. in 1901. Morgan's personal influence was a decisive factor in overcoming the money panic of 1907.
With One of a Kind Collectibles LOA.
J.P. Morgan Signed New Jersey Junction Bond with add'l Unissued Bond
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