Terre Haute and Indianapolis Railroad Stock made out to Russell Sage
Inv# AG1354 Stock
Russell Sage (1816-1906), Financier, Whig congressman from N.Y., best known as a money lender during the last 25 years of his life. Associate of Jay Gould, Sage was one of the shrewdest money manipulators of his time. Active in Railroads and other promotions. Worth $70 million. Credited with invention of the Wall Street practice of "puts and calls." Not fully issued but made out to Russell Sage, not signed. Rare!
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.
Ebay ID: labarre_galleries