Cert. for 1 Share issued to Aaron Burr. black. #2500. No 1785. Folds with one tiny hole and some light browning. One repaired edge-tear. Tiny bits of paper loss at the bottom, far outside the printed part of the share. The company was formed about 1792 by John Nicholson, controller-general of Pennsylvania 1782-1794and an important land speculator. He was reputed to be one of the wealthiest men in the country. With other investors, he formed the company as a cover for their monopoly of land in the Erie Triangle area. He bought 202.000 acres from the government in1792, and also obtained warrants covering all the rest of that area (a total of some 500.000 acres). All the land was capitalized into the Pennsylvania Population Company. Nicholson was however impeached in 1794 for defrauding the state government, but continued his land speculation. However, land prices fell before he could resell the land, and in 1799 he was consigned to the debtor’s prison. The state acquired the land, and the company was doubtless dissolved. Nicholson himself died in prison in1800. The share is signed by Nicholson as President. Counter signed by Tench Francis as Treasurer. Most interestingly, this stock was issued to Aaron Burr. Burr (1756-1836) is regarded as one of the Founding Fathers of the U.S. and served as third vicepresident of the United States during Thomas Jefferson's first term (1801-1805). Burr's legacy is defined by his famous personal conflict with Alexander Hamilton that culminated in Burr killing Hamilton in a duel in 1804. A highlight piece, partly because two big names in American history are found on this single share (issued to Aaron Burr, signed as president by J. Nicholson) and partly because of its age of course. Also the company business - property development on a huge scale - is exemplary for the USA at that time: a country that still had to discover, populate and develop much of its territory. Extremely rare.
Themes: BEFORE 1800
BURR, Aaron (issued to), NICHOLSON, John, TENCH, Francis
Date: 29 March 1794
Startprice: € 4000