A RARE BOND ISSUED DURING THE WAR OF 1812 ENDORSED BY JOHN JACOB ASTOR
JOHN JACOB ASTOR (1763-1848). Fur trader; Capitalist. Astor remains as one of the quintessential representations of wealth in America. He was certainly the greatest merchant of his time, with the beginning of his fortune being founded upon fur trading and his founding of the American Fur Company. By investing much of his profits in New York real estate, he gained control of a large portion of Manhattan property, building some of its most prominent early buildings. He was for some time, the wealthiest individual in America. At the time of his death, his fortune was conservatively estimated at $20,000,000.
This loan was authorized by Congress on February 8, 1813 to fund a extremely large projected deficit resulting from carrying on the war against Great Britain. Endorsed on verso by John Jacob Astor and Peter Schenck, a partner of Astor's in a variety of business dealings.