American Express Co. Stock Certificate (Wells, Fargo,
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Description
Very clean. No. 1263, issued for two shares to Byron Rice of Chicago on May 1st, 1866. Signed by Henry Wells as president, William Fargo as secretary, and Alex Holland as treasurer. Punch cancelled along the bottom border. This is the blue border version, with Safety & Dispatch vignette of busy port (ships, trains, wagon, etc.). Printed by JH Duyckink, NY. Five cent adhesive revenue stamp attached upper left and on reverse. Endorsed on reverse. Folds, pinholes, tape repair. 8.75 x 12" The capital stock was increased to 18,000 shares on May 1st, 1866, the day this certificate was issued. Near the close of the Civil War, Merchants Union Express was created specifically to compete with American Express and the Wells-Fargo-Butterfield-Livingston business family. The Merchants Union Express raised Cain with American Express. In a swift corporate move, American Express increased their capital stock to 18,000 shares on May 1, 1866, still with Wells, Fargo and Holland at the helm. This increase in capital would allow the Company the freedom to buy other express, steamship or rail lines to strengthen their hold on a monopoly of the express business east of the Missouri River. (Type 7)Date: 1866Country (if not USA): State: New YorkCity: New YorkProvenance: Ken Prag Collection
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American Express Co. Stock Certificate (Wells, Fargo,
Estimate $1,000 - $2,000
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