$20,000 and $5,000 Lake Shore and Michigan Southern Railway Co. Uncut Receipt mentioning 2 Vanderbilts! - 1906 dated Stock Transfer and Uncut Receipts
Inv# HD1064
Stock
New York
Uncut Sheet for $20,000 and $5,000 Stock Transfer and Receipt signed by Attorney for Frederick W. Vanderbilt and George Washington Vanderbilt. Surviving Trustees under the will of W.H. Vanderbilt, deceased. In trust for William K. Vanderbilt.
Frederick W. Vanderbilt (1856-1938), Capitalist, Son of Wm. H. Vanderbilt. Obtained business training in offices of his father’s railroad system. Owned a great Steam Yacht “The Warrior”. Exceptional estate at Hyde Park on the Hudson. Director of many railroads and other corporations. Along with his brothers Cornelius and William K, he kept the New York Central System strong.
George Washington Vanderbilt III (November 14, 1862 – March 6, 1914) was an art collector and member of the prominent Vanderbilt family, which amassed a huge fortune through steamboats, railroads, and various business enterprises. He commissioned the construction of a 250-room mansion, the largest privately owned home in the United States, which he named Biltmore Estate. George W. Vanderbilt III was the youngest child of William Henry Vanderbilt and Maria Louisa Kissam. Though there is no evidence to suggest that he referred to himself using a numerical suffix, various sources have called him both George Washington Vanderbilt II and III. The Biltmore recognizes him as George W. Vanderbilt III, because he had two uncles by that name, the first of whom died at the age of four. As the youngest of William's children, George was said to be his father's favorite and his constant companion. Relatives described him as slender, dark-haired, and pale-complexioned. Shy and introverted, his interests ran to philosophy, books, and the collection of paintings in his father's large art gallery. He acquired a private library of more than twenty thousand volumes. In addition to frequent visits to Paris, France, where several Vanderbilts kept homes, George Vanderbilt traveled extensively and became fluent in several foreign languages.
William Henry "Billy" Vanderbilt (May 8, 1821 – December 8, 1885) was an American businessman and philanthropist. He was the eldest son of Commodore Cornelius Vanderbilt, an heir to his fortune and a prominent member of the Vanderbilt family. Vanderbilt was the richest American after he took over his father's fortune in 1877 until his own death in 1885, passing on a substantial part of the fortune to his wife and children, particularly to his sons Cornelius II and William. He inherited nearly $100 million from his father. The fortune had doubled when he died less than nine years later.
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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