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Auction: 321 - The Numismatic Collector's Series Sale and Stocks and Bonds of the Americas
Lot: 1296

Union Depot Grounds, certificate for [$50,000] investment to purchase and improve the grounds for the Union Depot Company of St. Louis, 18[82], issued to and signed by Jay Gould, black printing, embossed seal at bottom left, cancelled, EF and rare

Jay Gould (1836-1892), Director of the Erie Railroad from 1867, became involved in stock-market manipulation while competing for control over the company. This and his efforts to corner the Gold market caused the events of Black Friday on 24th September 1869. He continued on to hold financial control over 15% of the country's railways based in the Pacific Southwest by the 1880's.

Estimate
$550 to $650