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JAY COOKE - BILL OF EXCHANGE SIGNED 01/19/1871 - HFSID 261524

The financier signs on this bill of exchange twice! dated 1871 Bill of Exchange Signed: "Jay Cooke & Co" twice on verso, 1p, 9x4¼. San Francisco, California, 1871 January 19. Wells, Fargo & Co. Bill of Exchange. No. 370554. Payable to Fred D. Stuart Jr. for $50 in U.

Sale Price $845.00

Reg. $1,000.00

Condition: Slightly creased, otherwise fine condition
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JAY COOKE
The financier signs on this bill of exchange twice! dated 1871
Bill of Exchange Signed: "Jay Cooke & Co" twice on verso, 1p, 9x4¼. San Francisco, California, 1871 January 19. Wells, Fargo & Co. Bill of Exchange. No. 370554. Payable to Fred D. Stuart Jr. for $50 in U.S. Gold Coin. Endorsed by Stuart and "Z. Richards" on verso. American financier Cooke (1821-1905, born in Sandusky, Ohio) 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. 2-cent Internal Revenue stamp affixed at lower left. Slightly creased. Ink lightly smudged at the "Co" of first signature and the "J" and "C" of second signature. Pinhead-size file hole and bank stamps touch printed text. Otherwise, fine condition.

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