Depew, Chauncey M.

1897 $1000 New York Central and Hudson River Railroad bond signed as President

Price: $90.00

Description:
(1834-1928) New York lawyer representing Cornelius Vanderbilt's railroad interests, president of the New York Central Railroad System, US Senator 1899-1911. Read law in Peekskill, NY, practiced law there until 1861. Later engaged in NYC brokerage business, resumed law practice in Peekskill, but soon returned to NYC. Appointed and confirmed as Minister to Japan 1865, declined appointment to pursue his railroad career. Became attorney for New York & Harlem Railroad 1866, took same position for the New York Central and Hudson River Railroad 1869, named general counsel and director of entire "Vanderbilt System" in 1876. Became 2nd VP of the New York Central & Hudson River Railroad (renamed New York Central Railroad 1914) 1882, president 1885-98, after presidency served as chairman of board of directors of New York Central Railroad Co. While active in the Vanderbilt roads in New York, held concurrent positions with many other railroads and companies. He was president of West Shore Railroad and served on boards of directors for the New York and Harlem Railroad, Chicago and North Western Railway, the Chicago, St. Paul, Minneapolis and Omaha Railway, the Cleveland, Cincinnati, Chicago and St. Louis Railroad, Delaware and Hudson Railroad, New Jersey Junction Railroad, St. Lawrence and Adirondack Railroad, Walkill Valley Railroad, and the Canada Southern Railroad. He also served on the boards of Western Union, Hudson River Bridge Co., Niagara River Bridge Co., New York State Realty & Terminal Co., Union Trust Co., Equitable Life Assurance Co., and Kensico Cemetery Assn. He received 99 votes at the 1888 GOP presidential convention, made nomination speeches for Harrison in 1892, Levi Morton in 1896, and Charles Fairbanks in 1904. He declined appointment as Harrison's Secretary of State 1892. Village of Depew, NY (inc. 1894), once home to a New York Central Railroad factory, named after him. Frameable 15 x 10 DS as Company President, (NYC), July 1 1897, green $1000 The New York Central and Hudson River Railroad Company Bond No. 7333 signed also by an Assistant Secretary. Comes with a full sheet of coupons. Steel engraved portrait of Cornelius Vanderbilt (son of Wm. H. Vanderbilt) at top center and train vignette at bottom center. This document was printed by the American Bank Note Company and has an ornate border around it. The New York Central Railroad officially came into existence on July 7, 1853 as a consolidation of the Albany and Schenectady; Schenectady and Troy; Utica and Schenectady; Syracuse and Utica; Rochester and Syracuse; Buffalo and Lockport; Mohawk Valley; Syracuse and Utica Direct; Buffalo and Rochester; and Rochester, Lockport and Niagara Falls Railroads. The New York Central eventually merged with the Hudson River Railroad Company to form the mighty New York Central and Hudson River Railroad. In 1968, it merged with the Pennsylvania Railroad, to form the Penn Central conglomerate.

Condition: Very good, one horizontal fold, mint condition
Type:Document






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