MORGAN, J. Pierpont.
J. Pierpont Morgan Signed Railroad Mortgage Bond.
Rare New Jersey Junction Railroad Company mortgage bond; signed by famed industrialist J.P. Morgan
$7,500.00
In Stock
Item Number: RRB-150475
* Custom Clamshell Boxes are hand made by the Harcourt Bindery upon request and take approximately 60 days to complete
First mortgage bond of the New Jersey Junction Railroad Company in the amount of $1000, signed on the reverse by J. P. Morgan and H. C. Fahnestock as trustees. Unaccomplished and bound at the left edge with five pages of the original coupons, with 199 of 200 still present. In fine condition.
Financier and banker John Pierpont Morgan (1837–1913) is remembered for dominating corporate finance on Wall Street during the Gilded Age as head of the banking firm now known as J.P. Morgan & Co. Operating at the center of American industrial expansion, Morgan helped engineer major mergers and reorganizations in railroads, steel, and other key sectors, using private banking networks to stabilize companies and impose managerial discipline in periods of market volatility. His influence extended beyond routine lending into the consolidation of corporate power, as he shaped the structure of modern American capitalism through syndicates, bond financing, and negotiated settlements among competing firms. Morgan also played a visible role in financial crisis management, most famously during the Panic of 1907, when he coordinated private intervention to shore up collapsing markets and restore investor confidence. By combining capital access with strategic control over corporate governance, Morgan became a defining figure in the era’s transition from entrepreneurial competition to large-scale corporate organization.
J. Pierpont Morgan Signed Railroad Mortgage Bond.
$7,500.00
In Stock
