January 25th Rare Autograph & Book Auction
This lot is closed for bidding. Bidding ended on 1/25/2024
$1000 100-year bond of the New Jersey Junction Railroad dated 1886. The bond is boldly signed at the 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. In fine condition.
J. Pierpont Morgan (1837-1913) was a banker and connoisseur of Art. 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 Colletibles LOA
J.P. Morgan signed New Jersey Junction RR Co., 4% Coupon Bond 1886
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