Saturday, January 2, 2010

Russell Sage and the Milwaukee St. Paul Railway

An associate of Jay Gould, Russell Sage (1816-1906), financier, was one of the shrewdest money manipulators of his time. Active in railroads and other promotions, he was best known as a money lender during the last quarter century of his life.

At the time of his death, his fortune was estimated at $70 million. He was credited with invention of the Wall Street practice of "puts and calls."

This stock certificate is very nicely signed by Sage on the front. Hole cancellations hardly affect his signature. An exceptional example.

George H. LaBarre Galleries - Collectible Stocks and Bonds.

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