JAY GOULD - STOCK CERTIFICATE TWICE SIGNED 10/12/1880 - HFSID 32230
Sale Price $1,020.00
Gould, as President of the Missouri, Kansas and Texas Railway Company, issues a stock certificate to himself, signing the certificate twice.
Stock Certificate signed: "Jay Gould" as President of the Missouri, Kansas and Texas Railway Company, 1p, 11¾x8, with 4½x8 receipt portion affixed at left margin. New York City, 1880 October 12. Certificate B10846, certifying that "Jay Gould is the holder of One Hundred Shares of the Capital Stock of the Missouri, Kansas and Texas Railway Company...." Each share was valued at $100. The certificate was transferred on October 13, 1880byGould, who has signed on verso as a Witness to the transfer to H. Dewing & Son. Also signed: "W. B. Henson" as Secretary of the Company on front. The certificate was cancelled on October 6, 1883 (stamped at lower left portion). During the period that he signed this certificate, Gould controlled many railroads in the West and was competing against the Union Pacific for a new transcontinental railroad. The Missouri, Kansas and Texas Railroad, The Union Pacific, southern branch, a road chartered in 1865, were the first of several short roads to make up the Missouri, Kansas and Texas, organized in 1870. A line from Junction City, Kansas was built southward to the southern border of Kansas by 1870 and to the Texas line by 1872. Subsequent expansion by the end of the century created a system of 2,600 miles extending from Saint Louis and Kansas City, Missouri to San Antonio and Houston. In 1869, financiers Gould and James Fisk tried to corner the gold market but failed when President Grant released government gold. Their unsuccessful attempt caused September 24, 1869 to become known as "Black Friday". Two cancellation holes touch the "ay" of Jay and the "d" of Gould. Lightly creased with folds, not at signature. Lightly soiled. Glue stain at left margin where certificate was affixed to receipt. Binding holes at blank left margin of receipt. Overall, fine condition.
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