Handsome Northern Pacific Railroad stock issued to and signed on verso by financier Jay Cooke

COOKE, JAY. (1821-1905). Financier and Banker; founded Jay Cooke & Company in 1861, destined to become one of the most widely known banking houses; Serving as treasury agent for the U.S. government during the Civil War, Cooke's banking house handled with great success the larger part of the $2 billion in bonds which the government issued to finance the war effort; After the war, Cooke’s banking house specialized in financing very large enterprises, most notably the construction of the Northern Pacific Railroad; In the depression of 1873, however, the house failed, helping bring on the financial panic of 1873. A handsome, engraved, stock certificate for 10 shares in the NORTHERN PACIFIC RAILROAD COMPANY. New York, December 1, 1876. Certificate # B1118, issued to JAY COOKE. Engraved vignette of a steam locomotive at top center with a nice portrait vignette of Frederick Billings at bottom center. Boldly printed in blue, red and black, making this one of the more attractive stock certificates available. Issued to, and signed on verso, as trustee by Jay Cooke. Punch and stamped cancelled. PASS-Co Ranked: 790 PASS-Co graded: Extremely Fine.

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$750