Result list 30 April 2022

The results of our April 30 sale are now online. Unsold items can be obtained in our aftersale until May 22 (first come, first served). .

Lotnumber: 1137
NEW YORK. 100 Shares of $100. green, black. No B7972. GOULD, Jay (1836-1892). Railroad magnate; Financier; Stock market manipulator. Gould began his rise by gaining control of a small Vermont railroad in 1860 at the age of 24. Over the next 10-15 years he made a fortune by buying and selling railroads and manipulating their stock. His most famous railroad battle came in the late 1860s when, along with Jim Fisk and Daniel Drew, he struggled for control of the Erie Railroad against "Commodore" Vanderbilt. Gould went on to become "the most hated man in America" when his attempt to corner the gold market caused a panic termed "Black Friday" in September 1869. Turning towards western railroads in the 1870s, he came to own or control numerous roads, including the Union Pacific and Kansas Pacific. It is estimated that he controlled about 10% of the railroad track in the U.S. by 1880. He went on to gain control of the Western Union Telegraph Company, and the New York elevated railroad. At his death, his fortune was estimated to be $72 million. The signature, as President, is hardly touched by the cancellation holes. Moreover, the stock is issued to, and signed on the back (uncancelled and clear) by Russell Sage (1816-1906). He was a frequent partner of Jay Gould in various transactions and amassed a fortune. He was director or president in several important railroad companies, including the Union Pacific RR.
Themes: RAILROADS
USA
GOULD, Jay, SAGE, Russell
AMERICAN BANKNOTE CO
Date: 27 January 1880
Quality: VF
Startprice: € 300