Description

    J. Pierpont Morgan New Jersey Junction Railroad 100 Year Railroad Autographed Bond J. Pierpont Morgan (1837-1913), banker, connoisseur of art. Son of Junius S. Morgan. Involved in his early years in a broad range of finance, his company, J. P. Morgan & Co. became one of the most powerful banking houses in the world. He engaged in several dubious pieces of business during the Civil War period, but was essentially an organizer and stabilizing force in business. After the failure of Jay Cooke's firm, Morgan's firm became dominant in government financing and in financing railroads. Among his most daring undertakings was the formation of the U.S. Steel Corp. in 1901. Morgan's personal influence was a decisive factor in overcoming the money panic of 1907. Superb 100 year bond of the New Jersey Junction Railroad dated 1886, nearly four pages of attractive coupons remaining, a total of 199 of the original 200 as this is a 100 years bond. The bond is boldly signed at back by J. Pierpont Morgan and Fahnstock as trustees. A large impressive vignette of a harbor scene is also at the back. Graphically beautiful both front and back. Includes nice portraits of both Morgan and Fahnstock as well as biographical information. Superb near mint condition. Accompanied by COA from PSA/DNA.

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    Auction Dates
    April, 2005
    13th Wednesday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
    Page Views: 193

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