Connecting Railway Co., 1874, I/C Stock Certificate Signed by Thomas A. Scott, as President and ITAS

Currency:USD Category:Collectibles / Autographs Start Price:70.00 USD Estimated At:120.00 - 240.00 USD
Connecting Railway Co., 1874, I/C Stock Certificate Signed by Thomas A. Scott, as President and ITAS

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Pennsylvania, 1874. 3 Shares Capital Stock I/C Certificate, Black printing with small vignette of Bald Eagle at top, S/N 18, Stamp Cancelled and POCs. Certificate was made out to Alexander Biddle (signature on back) and signed by Thomas A. Scott, as President, Certificate is in VF-XF condition, T. Sinclair's Lith. Alexander Williams Biddle (April 29, 1819 – May 2, 1899) was an American businessman from Pennsylvania. He was a member of the prominent and wealthy Biddle family and grandson of American Revolutionary War soldier Clement Biddle. He served as an officer in the Union Army during the American Civil War and fought in some of the key battles of the war. After the war he retired from Thomas Biddle & Company, and in 1874 he was named a director of the Pennsylvania Railroad. Thomas Alexander Scott (December 28, 1823 – May 21, 1881) was an American businessman, railroad executive, and industrialist. In 1861, President Abraham Lincoln appointed him to serve as U.S. Assistant Secretary of War, and during the American Civil War railroads under his leadership played a major role in the war effort. He became the fourth president of the Pennsylvania Railroad (1874–1880), which became the largest publicly traded corporation in the world and received much criticism for his conduct in the Great Railroad Strike of 1877 and as a "robber baron." Scott helped negotiate the Republican Party's Compromise of 1877 with the Democratic Party; it settled the disputed presidential election of 1876 in favor of Rutherford B. Hayes in exchange for the federal government pulling out its military forces from the South and ending the Reconstruction era.