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JAY COOKE - AUTOGRAPH SENTIMENT SIGNED - HFSID 86936

The financier whose company's failure was responsible for the Panic of 1873 penned a sentiment on this 5½x2½ card Autograph Sentiment Signed: "Jay Cooke" beneath closing of letter in another hand: "Sincerely yours", 5½x2½.

Price: $320.00

Condition: Fine condition
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JAY COOKE
The financier whose company's failure was responsible for the Panic of 1873 penned a sentiment on this 5½x2½ card
Autograph Sentiment Signed: "Jay Cooke" beneath closing of letter in another hand: "Sincerely yours", 5½x2½. American financier Cooke (1821-1905) marketed government bonds for financing the Civil War, raising over $2,000,000 following the First Battle of Bull Run in 1861. He served as fiscal agent for the U.S. Treasury (1862-1864, 1865) and after the war, financed the construction of western railroads. Problems in building the Northern Pacific Railroad (the second transcontinental railroad) and the financial crisis of 1873 forced Cooke to close his business Jay Cooke & Co. He later recouped his fortune with silver mines in Utah in 1878 and 1879 and investments in real estate in the West. Vertical fold touches "C" in Cooke. Light show through of ink from writing on letter on verso. Otherwise, fine condition.

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