CORNELIUS VANDERBILT II - STOCK CERTIFICATE SIGNED 01/21/1885 - HFSID 30078
Sale Price $1,190.00
CORNELIUS VANDERBILT II
Stock certificate signed the year Vanderbilt's father died, leaving him in control of the family's railroad empire.
Stock Certificate signed: "C Vanderbilt" as Treasurer of the Pine Creek Railway Company, 1p, 11½x7¼. New York, 1895 January 21. Numbered 28. Certifying that "George J. Magee is entitled to Twenty #(20)# Shares of Fifty Dollars each in the Capital Stock of The Pine Creek Railway Company...." Co-signed: "Allyn Cox" as Transfer Agent. On verso, ten shares of the stock have been transferred on January 2, 1886. Signed: "Geo. J. Magee". Co-signed: "Anton Hardt", "Louis P. Miller" and "A. J. Martin" (twice) as witnesses. Vanderbilt, the son of William Henry Vanderbilt, began his career in the family's railroad empire under the watchful eye of his grandfather and namesake "Commodore" Cornelius Vanderbilt. The "Commodore", who had begun purchasing railroad stock in 1862, was in control of an extensive system of New York railroads by 1877. In 1867, Cornelius II had started as Assistant Treasurer of the New York & Harlem Railroad. By 1880, he had risen to his father's former position as Vice President. After his father died in December 1885, Cornelius became Chairman of the Board of his father's corporations and took control of the family investments. He is also noted for his philanthropies, including an estimated $1.5 million to Yale University. Cancellation stamping, not near signatures. File holes affect "de" and "bi" in Vanderbilt's signature, "ll" and "o" in Cox's signature and the signature of the registrar. Lightly stained in top blank margin, slight paper loss in left border, likely from removal of receipt page. Overall, fine condition.
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