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Lot 45: New Jersey Junction Railroad Company

Old Stocks and Bonds - Part 1

Platinum House

by HWPH Historisches Wertpapierhaus AG

November 10, 2012

Wuerzburg, Germany

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  • New Jersey Junction Railroad Company
  • New Jersey Junction Railroad Company
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Description: 30 June 1886, partially issued 4 % First Mortgage Bond with a maturity of 100 years of US-$ 1,000, #2105, 34.6 x 24 cm, brown, black, folds, no cancellation, KB, the remaining 199 coupons are attached on four sheets, vignette with scene of a harbour, the bond bears the original signatures of John Pierpont Morgan (J.P. Morgan) and Harris C. Fahnestock on the reverse side. Both signatures are of superb quality.
30.06.1886, Teilblankett eines 4 % First Mortgage Bond mit einer Laufzeit von 100 Jahren über US-$ 1.000, #2105, 34,6 x 24 cm, braun, schwarz, Knickfalten, nicht entwertet, KB. Die restlichen Kupons hängen auf 4 Blättern an, Abb.: Hafenszene, rückseitig im Original von John Pierpont Morgan (JP Morgan) und Harris C. Fahnestock unterzeichnet. Beide Signaturen sind in einer vorzüglichen Qualität.
After Morgan (1837-1913) had served his apprenticeship in his father's firm, he was attracted to Wall Street. There he attracted attention for the first time when took over control of the Albany and Susquehanna Railroad in 1869 in cooperation with Jay Gould and James Fisk. Later he stood out in the construction, reorganization and administration of numerous railway lines. Around the turn of the century he financed the two giant trusts, International Mercantile Marine and United States Steel. J.P. Morgan still today ranks as one of the great banking houses of Wall Street.
Nachdem sich Morgan (1837-1913) sein Lehrgeld im Betrieb seines Vaters verdient hatte, zog es ihn bald an die Wall Street. Dort fiel er das erste Mal auf, als er 1869 gemeinsam mit Jay Gould und James Fisk die Kontrolle über die Albany and Susquehanna Railroad übernahm. Später glänzte er durch den Bau, die Reorganisation und den Betrieb zahlreicher Eisenbahnlinien. Um die Jahrhundertwende finanzierte er die beiden gewaltigen Trusts International Mercantil Marine und United States Steel. Noch heute gehört JP Morgan Chase zu den großen Finanzhäusern der Wall Street.

Condition Report: EF

Notes: Country: USA, Region: Amerika

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