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Mobile and Birmingham Railroad - Stock Certificate

Inv# RS2327   Stock
Mobile and Birmingham Railroad - Stock Certificate
State(s): Alabama
Years: 1899
Color: Br, Bl

Great train vignette by American Bank Note Co, NY.

Birmingham was founded on June 1, 1871, by the Elyton Land Company whose investors included cotton planters, bankers and railroad entrepreneurs. It sold lots near the planned crossing of the Alabama & Chattanooga and South & North Alabama railroads including land formerly a part of the Benjamin P. Worthington Plantation. The first business at that crossroads was the trading post and country store operated by Marre & Allen. The site of the railroad crossing was notable for the nearby deposits of iron ore, coal, and limestone – the three main raw materials used in making steel.

Birmingham is the only place worldwide where significant amounts of all three minerals can be found in close proximity. From the start the new city was planned as a great center of industry. The founders, organized as the Elyton Land Company, borrowed the name of Birmingham, one of England's main industrial cities, to advertise that point. The growth of the planned city was impeded by an outbreak of cholera and a Wall Street crash in 1873. However, it began to develop shortly afterward at an explosive rate.

The town of Elyton, Alabama, and several other surrounding towns were absorbed into Birmingham in 1911. The start of the 20th century brought the substantial growth that gave Birmingham the nickname "The Magic City", as the downtown area developed from a low-rise commercial and residential district into a busy grid of neoclassical mid-rise and high-rise buildings and busy streetcar lines. Between 1902 and 1912 four large office buildings were constructed at the intersection of 20th Street, the central north–south spine of the city, and 1st Avenue North, which connected the warehouses and industrial facilities stretching along the east–west railroad corridor. This impressive group of early skyscrapers was nicknamed "The Heaviest Corner on Earth".

Birmingham was hit by the 1916 Irondale earthquake (magnitude 5.1). A few buildings in the area were slightly damaged. The earthquake was felt as far as Atlanta and neighboring states.

The European settlement of Mobile began with French colonists, who in 1702 constructed Fort Louis de la Louisiane, at Twenty-seven Mile Bluff on the Mobile River, as the first capital of the French colony of La Louisiane. It was founded by French Canadian brothers Pierre Le Moyne d'Iberville and Jean-Baptiste Le Moyne, Sieur de Bienville, to establish control over France's claims to La Louisiane. Bienville was appointed as royal governor of French Louisiana in 1701. Mobile's Roman Catholic parish was established on July 20, 1703, by Jean-Baptiste de la Croix de Chevrières de Saint-Vallier, Bishop of Quebec. The parish was the first French Catholic parish established on the Gulf Coast of the United States.

In 1704 the ship Pélican delivered 23 Frenchwomen to the colony; passengers had contracted yellow fever at a stop in Havana. Though most of the "Pélican girls" recovered, numerous colonists and neighboring Native Americans contracted the disease in turn and many died. This early period was also the occasion of the importation of the first African slaves, transported aboard a French supply ship from the French colony of Saint-Domingue in the Caribbean, where they had first been held. The population of the colony fluctuated over the next few years, growing to 279 persons by 1708, yet shrinking to 178 persons two years later due to disease.

These additional outbreaks of disease and a series of floods resulted in Bienville ordering that the settlement be relocated in 1711 several miles downriver to its present location at the confluence of the Mobile River and Mobile Bay. A new earth-and-palisade Fort Louis was constructed at the new site during this time. By 1712, when Antoine Crozat was appointed to take over administration of the colony, its population had reached 400 persons.

The capital of La Louisiane was moved in 1720 to Biloxi, leaving Mobile to serve as a regional military and trading center. In 1723 the construction of a new brick fort with a stone foundation began and it was renamed Fort Condé in honor of Louis Henri, Duke of Bourbon.

In 1763, the Treaty of Paris was signed, ending the Seven Years' War, which Britain won, defeating France. By this treaty, France ceded its territories east of the Mississippi River to Britain. This area was made a part of the expanded British West Florida colony. The British changed the name of Fort Condé to Fort Charlotte, after Queen Charlotte.

The British were eager not to lose any useful inhabitants and promised religious tolerance to the French colonists; ultimately 112 French colonists remained in Mobile. The first permanent Jewish settlers came to Mobile in 1763 as a result of the new British rule and religious tolerance. Jews had not been allowed to officially reside in colonial French Louisiana due to the Code Noir, a decree passed by France's King Louis XIV in 1685 that forbade the exercise of any religion other than Roman Catholicism, and ordered all Jews out of France's colonies. Most of these colonial-era Jews in Mobile were merchants and traders from Sephardic Jewish communities in Savannah, Georgia and Charleston, South Carolina; they added to the commercial development of Mobile. In 1766 the total population was estimated to be 860, though the town's borders were smaller than during the French colonial period. During the American Revolutionary War, West Florida and Mobile became a refuge for loyalists fleeing the other colonies.

While the British were dealing with their rebellious colonists along the Atlantic coast, the Spanish entered the war in 1779 as an ally of France. They took the opportunity to order Bernardo de Galvez, Governor of Louisiana, on an expedition east to retake West Florida. He captured Mobile during the Battle of Fort Charlotte in 1780, as part of this campaign. The Spanish wished to eliminate any British threat to their Louisiana colony west of the Mississippi River, which they had received from France in the 1763 Treaty of Paris. Their actions were condoned by the revolting American colonies, partially evidenced by the presence of Oliver Pollack, representative of the American Continental Congress. Due to strong trade ties, many residents of Mobile and West Florida remained loyal to the British Crown. The Spanish renamed the fort as Fortaleza Carlota, and held Mobile as a part of Spanish West Florida until 1813, when it was seized by United States General James Wilkinson during the War of 1812.

By the time Mobile was included in the Mississippi Territory in 1813, the population had dwindled to roughly 300 people. The city was included in the Alabama Territory in 1817, after Mississippi gained statehood. Alabama was granted statehood in 1819; Mobile's population had increased to 809 by that time.

Mobile was well situated for trade, as its location tied it to a river system that served as the principal navigational access for most of Alabama and a large part of Mississippi. River transportation was aided by the introduction of steamboats in the early decades of the 19th century. By 1822 the city's population was 2800.

The Industrial Revolution in Great Britain created shortages of cotton, driving up prices on world markets. Much land well suited to growing cotton lies in the vicinity of the Mobile River, and its main tributaries the Tombigbee and Alabama Rivers. A plantation economy using slave labor developed in the region and as a consequence Mobile's population quickly grew. It came to be settled by attorneys, cotton factors, doctors, merchants and other professionals seeking to capitalize on trade with the upriver areas.

From the 1830s onward, Mobile expanded into a city of commerce with a primary focus on the cotton and slave trades. Many slaves were transported by ship in the coastwise slave trade from the Upper South. There were many businesses in the city related to the slave trade – people to make clothes, food, and supplies for the slave traders and their wards. The city's booming businesses attracted merchants from the North; by 1850 10% of its population was from New York City, which was deeply involved in the cotton industry. Mobile was the slave-trading center of the state until the 1850s, when it was surpassed by Montgomery.

The prosperity stimulated a building boom that was underway by the mid-1830s, with the building of some of the most elaborate structures the city had seen up to that point. This was cut short in part by the Panic of 1837 and yellow fever epidemics. The waterfront was developed with wharves, terminal facilities, and fireproof brick warehouses. The exports of cotton grew in proportion to the amounts being produced in the Black Belt; by 1840 Mobile was second only to New Orleans in cotton exports in the nation.

With the economy so focused on one crop, Mobile's fortunes were always tied to those of cotton, and the city weathered many financial crises. Mobile slaveholders owned relatively few slaves compared to planters in the upland plantation areas, but many households had domestic slaves, and many other slaves worked on the waterfront and on riverboats. The last slaves to enter the United States from the African trade were brought to Mobile on the slave ship Clotilda. Among them was Cudjoe Lewis, who in the 1920s became the last survivor of the slave trade.

By 1853, fifty Jewish families lived in Mobile, including Philip Phillips, an attorney from Charleston, South Carolina, who was elected to the Alabama State Legislature and then to the United States Congress. Many early Jewish families were descendants of Sephardic Jews who had been among the earliest colonial settlers in Charleston and Savannah.

By 1860 Mobile's population within the city limits had reached 29,258 people; it was the 27th-largest city in the United States and 4th-largest in what would soon be the Confederate States of America. The free population in the whole of Mobile County, including the city, consisted of 29,754 citizens, of which 1,195 were free people of color. Additionally, 1,785 slave owners in the county held 11,376 people in bondage, about one-quarter of the total county population of 41,130 people.

During the American Civil War, Mobile was a Confederate city. The H. L. Hunley, the first submarine to sink an enemy ship, was built in Mobile. One of the most famous naval engagements of the war was the Battle of Mobile Bay, resulting in the Union taking control of Mobile Bay on August 5, 1864. On April 12, 1865, three days after Robert E. Lee's surrender at Appomattox Courthouse, the city surrendered to the Union army to avoid destruction after Union victories at nearby Spanish Fort and Fort Blakely.

On May 25, 1865, the city suffered great loss when some three hundred people died as a result of an explosion at a federal ammunition depot on Beauregard Street. The explosion left a 30-foot (9 m) deep hole at the depot's location, and sank ships docked on the Mobile River; the resulting fires destroyed the northern portion of the city.

Federal Reconstruction in Mobile began after the Civil War and effectively ended in 1874 when the local Democrats gained control of the city government. The last quarter of the 19th century was a time of economic depression and municipal insolvency for Mobile. One example can be provided by the value of Mobile's exports during this period of depression. The value of exports leaving the city fell from $9 million in 1878 to $3 million in 1882.

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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.

Item ordered may not be exact piece shown. All original and authentic.
Price: $95.00