Lake Shore Railway Co. Issued to Jay Cooke & Co. and signed by Henry Devereux -

On eBay Now...

Lake Shore Railway Co. Issued to Jay Cooke & Co. and signed by Henry Devereux - For Sale

When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.

Lake Shore Railway Co. Issued to Jay Cooke & Co. and signed by Henry Devereux - :
$198.00

Stock printed by American Bank Note-NY. Issued to Jay Cooke & Co. and Devereux signs as President. Exceptional Quality! Rare! Jay Cooke (1821-1905) Banker. 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. In October 1867, the Cleveland, Painesville and Ashtabula Railroad leased the Cleveland and Toledo Railroad. The CP&A changed its name to the Lake Shore Railway on March 31, 1868, and on February 11, 1869 the Lake Shore absorbed the Cleveland and Toledo. On April 6 the Michigan Southern and Northern Indiana Railroad and Lake Shore merged to form the Lake Shore and Michigan Southern Railway, which absorbed the Buffalo and Erie Railroad on June 22, giving one company the whole route from Buffalo to Chicago. The main route passed through Dunkirk, New York, Erie, Pennsylvania, Ashtabula, Ohio, Cleveland, Ohio, Toledo, Ohio, Waterloo, Indiana and South Bend, Indiana. John Henry Devereux was a railroad manager, born in Boston, Massachusetts, 5 April 1832 ; died in Cleveland, Ohio, 17 March 1886. He was educated in the Portsmouth. N, H., academy, and in 1848 went to Cleveland, Ohio, where he served as construction engineer on several railroads. He removed to Tennessee in 1852, and became prominent in railroad affairs there. At the beginning of the civil war he offered his services to the government, and aided the Union cause as superintendent of military railroads in Virginia. He resigned in 1864, and returned to Cleveland, where he became one of the foremost railroad men in the west. He was chosen president of the Cleveland, Columbus, Cincinnati, and Indianapolis railroad in June 1873, of the Atlantic and Great Western in 1874, and of the Indianapolis and St. Louis in 1880, being receiver of the last-named road from Nay till September 1882. In 1877 General Devereux, by his personal courage, prevented 800 of his men from joining in the railroad riots. He was prominent in the councils of the Protestant Episcopal Church. Read more at The Cleveland, Painesville and Ashtabula Railroad (CP&A), also known informally as the Cleveland and Erie Railroad, the Cleveland and Buffalo Railroad, and the Item ordered may not be exact piece shown. All original and authentic.