Hoboken Ferry Company signed by Emanuel Lehman - 1890's dated Autograph Stock Certificate - Lehman Brothers Fame
Inv# AG1029 Stock
Emanuel Lehman, Merchant, Lehman signs this attractive New Jersey 1890’s stock at front. His business interests were extensive. Signature is hole cancelled. Quite Rare! Excellent Condition. From the Syracuse University Collection.
Emanuel Lehman (1827-1915) was born on February 15, 1827, in the village of Rimpar, located near Wurzburg, Germany. He was raised by parents of German-Hebrew heritage who provided him with a solid education both at home and at a high school in Wurzburg. After completing his studies, he embarked on a practical career. During this time, many Germans were becoming aware of the greater opportunities available in the New World, prompting them to leave their homes in Germany for the Southern States. In line with this trend, Mr. Lehman emigrated to America in 1847, where he joined his brother Henry, who had been operating a general store in Montgomery, Alabama, since 1844. The brothers were industrious and dedicated, and as their business flourished, they naturally expanded into the cotton and factorage trade. To support cotton planters in cultivating their crops, it was essential for them to rely on local general merchants who would provide substantial supplies on credit until the harvest could be sold. The close relationships that the Lehman brothers developed with cotton planters led to a significant trade in both supplies and cotton.
In 1856, due to the increasing demands of their business, the Lehman brothers established a branch in New York City, with Emanuel Lehman appointed to oversee its operations. The Civil War posed a significant disruption to the New York branch, but in 1865, Emanuel successfully reestablished it, while his younger brother Mayer remained in Montgomery to manage the Southern operations under the name Lehman, Durr & Co. Additionally, they launched a commission business in New Orleans in 1865, known as Lehman, Newgass & Co., which is currently referred to as Lehman, Stern & Co. All three firms became well-known in their respective markets, dealing in commodities such as cotton, sugar, and coffee.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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