COOKE, JAY
A chance move to Philadelphia as a result of the panic of 1837 determined Jay Cooke's future career, with his eventually ending up as a partner in the distinguished banking house of Clark & Company in that city. Retiring as a wealthy man in 1857, he could not stay idle long, and founded Jay Cooke & Company in 1861, destined to become one of the most widely known banking houses in the country. 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 panic of 1873.

Products

Northern Pacific Railroad Stock Issued To And Signed On Verso By Jay Cooke, Trustee

 COOKE, JAY
1876, New York. Stock certificate for 1 share. Blue/Black. Engraved vignette of a steam locomotive at top center, nice portrait vignette of Frederick Billings at bottom. Issued to and signed on verso as trustee by Jay Cooke. Punch and stamped cancelled.
Catalog: # NP-1018
Condition: Extremely Fine
State: New York
Topic: Railroad
Price: $500.00