Port of New York Authority
Port of New York Authority
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Product Details
Beautifully engraved antique bond certificate from the Port of New York Authority dating back to the 1940's and 1950's. This document, which contains the printed signatures of two authority officers, was printed by the Columbian Bank Note Company, and measures approximately 10" (w) by 15" (h).
The vignette features a female allegorical figure flanked by the New York and New Jersey state seals.
Images
You will receive the exact certificate pictured.
Historical Context
In 1921, the Port of New York Authority was established to administer the shared harbor interests of New York and New Jersey's Port of Newark. The authority was the first inter-state agency created under the Constitutional clause allowing compacts between states. The port authority's first responsibility in the 1920s and 1930s was to build inter-state crossings including the George Washington Bridge among several others. In 1937, the authority completed the first tube of the Lincoln Tunnel.
The administration of Mayor Fiorello La Guardia was a high point in the history of the Port of New York. In spite of the Great Depression and World War II, the Port of New York received huge amounts of New Deal funding for construction and other projects. Tammany Hall was brought under control, and the Port of New York government was centralized. The subway system was completed. The mayor was hard on crime. When he retired, Tammany Hall began to retake control.
After World War II, the Port of New York faced serious problems. The port lost its long-time dominance in ocean-borne commerce. Manufacturing began to decline. The Port of New York's resources shrank as demands for services grew and the municipal bureaucracy multiplied. Mayor Vincent Impellitteri started a housing program in the 1950s and allowed Port of New York workers to form unions. He broke with Tammany Hall and destroyed the power machine forever. While he made some major visible changes, he did little to address the Port of New York's growing urban problems. Impellitteri was defeated by Republican John Lindsay in 1965.
In the decades of the 1950s and 1960s, the port authority played a critical role in the Port of New York region's post-war boom by improving and expanding the trade and transportation infrastructure, creating new terminals, tunnels, bridges, airports, and seaports. The port authority further promoted trade and ports when it constructed the World Trade Center , two towers that became a hallmark for the Port of New York until the tragedy of 2001 brought them down.
While Mayor Lindsay tried to bring order to the chaos, the Port of New York continued to deteriorate over his two terms. Strikes were called, attempts to reorganize municipal government resulted in more bureaucracy, and attempts to encourage minority participation in government and schools led to ethnic conflict. While he increased taxes, he was unable to control the Port of New York's sky-rocketing budget. Winning re-election as a Liberal-Independent and then later a Democrat, Lindsay found himself isolated while the Port of New York continued to decline.
The port authority's name was changed in 1972 to the Port Authority of New York and New Jersey, better reflecting its bi-state role.
Old-time politics had its last hurrah in the Port of New York when Abraham Beame was elected in 1973. Unfortunately, his stay in office was a disaster. The Port of New York was near bankruptcy, and the State took control of the city's budget in 1975.
Additional Information
Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!
All of our pieces are original - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.
FAQ
Are the certificates offered on your site genuine or reproductions?
All of the certificates you see on our site are genuine pieces, we do not sell any reproductions.Are the certificates you sell negotiable on any of today's stock markets or indexes?
No. All of the pieces we sell are either canceled or obsolete and have collectible value only.
Are the images presented in your product listings of the exact piece I will receive?
It depends. We try to present images of the exact piece you will receive whenever possible. However, when we are offering quantities of a piece, this is impossible. Within every product page we detail whether or not you will be receiving the exact certificate listed, or if the image is a representative example of the one you will receive.
How will you ship my order and how much do you charge?
We ship all orders via the United States Postal Service. Most domestic orders are shipped via Ground Advantage. USPS International, Priority and Express Mail, UPS and DHL services are also available, and costs are calculated during checkout. Current charges may be reviewed here.
Can I return my purchase?
Absolutely. You may return any merchandise, for any reason, within 30 days of the purchase date for a full refund of the purchase price.
We guarantee all of our pieces to be authentic. If you ever determine that a piece is not authentic, it may be returned for a full refund of the purchase price as well as any associated shipping charges.
Shipping
If your order exceeds $35, and the shipping address is within the United States, shipping via USPS Ground Advantage is FREE!
We make every effort to ship out all orders within 24 hours of receipt.
We ship the majority of orders via the USPS, with domestic orders using the Ground Advantage service.
Shipping is calculated during checkout. Upgraded services such as Priority and Express Mail, as well as UPS and DHL options, are also available.
As soon as your order is shipped you will receive your tracking information via email.
OVERSEAS ORDERS PLEASE NOTE THAT WE DECLARE FULL ORDER VALUE ON ALL SHIPMENTS. CUSTOMER IS RESPONSIBLE FOR ALL VAT/CUSTOMS CHARGES.
Returns
Our goal is to make sure every item you receive is exactly what you had in mind. If you not happy with your purchase, we’ll help you get it sorted in a timely and professional manner.
You can return anything we offer for an exchange, refund or store credit within 30 days of delivery. Return shipping costs may apply, and the item must be in its original condition and packaging.
Any shipping charges collected on the original order are not eligible for a refund.