ROBERT MORRIS - STOCK CERTIFICATE SIGNED 04/18/1795 CO-SIGNED BY: JAMES MARSHALL - HFSID 269304
Sale Price $1,870.00
ROBERT MORRIS and JAMES MARSHALL
Robert Morris and James Marshall sign a stock certificate for three shares.
Stock Certificate signed: "Robert Morris" as President and "James Marshall" as Secretary, 1p, 12½x10. Philadelphia, 1795 April 18. Certificate "No. 1583 representing 3 Shares 16190 to 16192". In part: "This is to Certify that Dr. Enoch Edwards is entitled to three shares in the Property of the North American Land Company, the Dividend whereof shall not be less than Six Dollars....". ROBERT MORRIS (1734-1806) had founded the North American Land Company with John Nicholson, the Comptroller General of Pennsylvania, and James Greenleaf in 1795. Morris was a Philadelphia merchant and financier and a delegate to the Continental Congress (1775-1778). Although voting against independence, which he considered premature, Morris worked diligently on military procurement, playing a key role in keeping George Washington's army supplied. He was U.S. Superintendent of Finance (1781-1784) under the Articles of Confederation, cutting expenses and raising revenue, often borrowing in his own name, to keep the new government solvent. Morris, who was a delegate to the Constitutional Convention, was George Washington's first choice to be Secretary of the Treasury. Morris declined the offer, serving instead in the U.S. Senate (1789-1795, the year he signed this stock certificate). Financially ruined by his speculative land investments, Morris was imprisoned for debt from February 1798-August 1801 and lived his remaining years in obscurity and poverty. Robert Morris was the father-in-law of JAMES MARKHAM MARSHALL (1764-1848), the brother of John Marshall (1755-1835), also a land speculator, Chief Justice of the U.S. Supreme Court (1801-1835). DR. ENOCH EDWARDS (1751-1802) was a delegate from Philadelphia County to the 1787 Pennsylvania Convention held to ratify the U.S. Constitution. Scalloped at left edge. Matted,not in Gallery of History style.Not reviewed by us for conservation integrity. "As is" matting purchase.
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