NORTHERN PACIFIC RAILROAD Stock 1896. Cert. of Deposit. J.P. Morgan SCARCE VF+++

Description

Northern Pacific Railroad Company. Reorganization Certificate of Deposit of Common Stock issued May 18, 1896
at the office of J. P. Morgan & Co., 23 Wall Street, New York City.
Re-incorporated in 1896 as ‘Northern Pacific Railway Company.’
Certificate
No. A1601
for 10 shares of Common stock.
Signed at lower right by J. P. Morgan & Co.
Black print with green borders and underprint “J. P. M & CO.” Certificate is about 7.5” x 10.5.” Vignette with allegorical woman, bottom center.
The Northern Pacific Railway was a transcontinental railroad that operated across the northern tier of the western U. S., from Minnesota to the Pacific Northwest. It was approved by Congress and chartered in 1864 and given nearly forty million acres of land grants, which it used to raise money in Europe for construction of the railway. Construction began in 1870, but for many years backers of the road struggled to find financing, and the main line opened all the way from the Great Lakes to the Pacific Coast when former President Ulysses S. Grant drove in the final "golden spike" in western Montana on September 8, 1883. The backing and promotions of famed financier Jay Cooke in the summer of 1885 brought the first real momentum to the company.
Over the course of 1885, the Northern Pacific pushed westward from Minnesota into present-day North Dakota. Surveyors and construction crews had to maneuver through swamps, bogs, and tamarack forests. Attacks on survey parties and construction crews by Sioux, Cheyenne, Arapaho, and Kiowa warriors in North Dakota and Minnesota became so prevalent that the company received protection from units of the U. S. Army. In 1886 the Northern Pacific opened colonization offices in Germany and Scandinavia, attracting farmers with cheap package transportation and purchase deals. The success of Northern Pacific was based on the abundant crops of wheat and other grains and the attraction to settlers of the Red River Valley along the Minnesota-North Dakota border between 1881 and 1890. The Northern Pacific reached Dakota Territory at Fargo in 1886, and began its career as one of the central factors in the economic growth of North Dakota.
Condition:  Very Fine+++
, no folds, very minor creasing, no tears, light signs of wear/handling/toning (see photos),
uncancelled.
Printer:
American Bank Note Company, New York.
PAYMENT AND SHIPPING
Please read certificate d
escription details shown above before bidding.
Please contact me with any questions before bidding.
Payment by PayPal
and accepted credit cards
only.
Shipping within the U.S. is by USPS First Class Mail (.00 for packages weighing 13 ounces or less) – shipping for packages weighing over 13 ounces will be shown on your invoice. If another shipping method is requested, a revised invoice will be sent. International buyers need to wait for my invoice before paying.
Combined shipping cost will be offered for multiple items won – please wait for invoice before paying, or if specific shipping method or insurance is requested.
Multiple items will be shipped together in one package; large stocks and bonds may be shipped folded along existing fold lines.
All packages will be shipped with certificates placed in plastic sleeves with cardboard backing and marked “Do Not Bend”.
I do not profit on shipping costs charged.
Items typically shipped within two days of payment.
RETURNS AND GUARANTEE
:
Buyer satisfaction and authenticity of certificate is guaranteed – returns are accepted with 14 days of purchase (buyer pays return shipping cost unless item received is not as described in this listing).
All certificates are originals – no reproductions.