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Madison Square Bank, 1891 Issued Stock Certificate. The Bank was involved in Major Scams and Closed

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:80.00 USD Estimated At:120.00 - 180.00 USD
Madison Square Bank, 1891 Issued Stock Certificate. The Bank was involved in Major Scams and Closed
SOLD
120.00USDto j******d+ buyer's premium
This item SOLD at 2019 Feb 27 @ 12:36UTC-5 : EST/CDT
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New York. 10 Shares Capital Stock Issued Certificate, Black print on green border and underprint, POC's, Fine-VF condition, ABNC. In August 1893, it became known that Danforth had received a loan of $50,000 (about seven times the annual salary of the Treasurer) from the Madison Square Bank in New York City in exchange for keeping a large amount of State monies in that bank. Danforth managed to withdraw the State's $250,000 from the bank in the early hours of August 9, the day the bank (of which Fitzgerald was a director) closed. Danforth was Deputy Treasurer under Lawrence J. Fitzgerald from 1885 to 1889, and was New York State Treasurer from 1890 to 1893.