Description: LOT I one piece ; you get exact item shown1869 Stock Certificate for The American Merchants Union Express Company The stock is for 10 shares and remains in Excellent Condition Printed revenue stamp and the front and an actual revenue stamp affixed .In 1866, Merchants Union hired away older companies experienced agents and invaded their territories. American Express suffered such losses in 1867 that for the first and only time in its history it failed to pay a dividend. On December 21, 1868, the four express companies (Adams, American, Merchants, and United States) reached a peace agreement, dividing the express and fast-freight business and pooling and distributing net earnings. American Express got the worst of the deal; Merchants Union acquired rights on railways that had been its bread-and-butter lines (the Hudson River and New York Central railroads) and lost its supremacy in the express business.In 1868, American Express was forced to merge with Merchants Union to form the American Merchants Union Express Company (shortened in 1873 back to the American Express Company). In 1868, upon the resignation of Henry Wells and American Express' merger with the Merchants Union Express Company, William Fargo was elected President of the American Express Company. He was president of the American Express Company until his death in 1881, at which point his brother, J. C. Fargo, assumed the presidency, which he held until 1914.Great opportunity to own a piece of 19th Century Transportation History that is 154 years old. Would look FANTASTIC framed! shipping is usps groundinsured tracking and possible signaturePlease see othe stock certificates currently listed will combine as needed
Price: 225 USD
Location: Santa Rosa, California
End Time: 2024-07-18T23:09:33.000Z
Shipping Cost: 10 USD
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Restocking Fee: No
Return shipping will be paid by: Seller
All returns accepted: Returns Accepted
Item must be returned within: 60 Days
Refund will be given as: Money Back
Type: Stock
