NEW JERSEY. 7% Bond of $500. orange, black, red seal. No 251. Folds and several edge-tears. Large format bond with three vignettes: train, allegorical vignette and farmers at work. Inc. 1869. Built a line from Long Branch to Belmar (New Jersey) in 1876. Merged into the New York and Long Branch RR in 1881. Became part of Conrail in 1976. This bond is personally signed by Jay GOULD (1836-1892). This American railroad magnate is one of the best known "Robber barons" of the American Gilded Age (1870-1900). His sharp and often unscrupulous business practices made him one of the wealthiest men of the late 19th century. He is, amongst others, known as key player in the famous Erie (Railroad) War with Gould becoming president in 1868, his role in 'Black Friday' on Sep. 24, 1869 and him taking control of the Union Pacific in 1873. By 1879, he controlled 10,000 miles of railway (about one-ninth of all rail in the U.S. at that time). Soon after, he also took control over the Western Union telegraph company and in the elevated railways in New York. When he died in 1872, his fortune was conservatively estimated at $72 million, equivalent of $2 billion today. Not seen by Cox and surely unique.
Date: 2 December 1872
Startprice: € 2000