Very early! No. 1469, issued for 20 shares to Augustus Chapman on May 10th, 1855. Signed by Henry Wells as president, William Fargo as secretary, and Alex Holland as treasurer. Not cancelled. Black border and print, with locomotive and telegraph pole vignette. Capital Stock 7,500 shares. Printed by Baker & Duyckink, NY. Endorsed on the reverse. Folds, areas of heavy toning, some fading of the ink. 6.75 x 10.75" In 1854, the express business was so strong and profitable that new companies were springing up to cover specific routes where transportation of packages became essential. In competitive business ventures, some companies are formed for perhaps all the wrong reasons [x=#8211/] things such as creating havoc, just so you can get bought out. Such was the case, as opined by A. L. Stimson in History of the Express Companies and Origins of American Railroads published in 1858. Three New York men, seeking [x=#8220/]to inflict great injury to the established express[x=#8221/] formed the United States Express Company in 1854. The company never made money, but caused havoc with American Express. The result was a buyout through stock purchase of United States Express by American Express, paid for by a new underwriting of stock increasing the Capital to 7,500 shares, additionally placing one of their principals on the American Express Board, Hamilton Spencer. Within a year, another company emerged as the United States Express Co., but it was completely different. On its Board and President was D. N. Barney, a part of the Wells Fargo business [x=#8220/]family[x=#8221/], president of Wells Fargo from 1853-1866. This company was formed to utilize the New York and Erie Railroad routes for express business. The 1854-1859 period for American Express was anything but calm. With an explosion of the express business caused by not only the fast development of inter-state railroad development east of the Missouri River, but more importantly by the extreme amount of business generated by the California Gold Rush. (Type 2b)Date: 1855Country (if not USA): State: New YorkCity: New YorkProvenance: Ken Prag Collection