Pittsburgh, McKeesport and Youghiogheny Railroad Company (Signed by Frederick W. Vanderbilt)

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You will receive the exact certificate pictured



Over 125 years old



Guaranteed stock



October 24, 1883



Issued, canceled



American Bank Note Company



Hand signed



12" (w) by 8 1/4" (h)



Signed by Frederick W. Vanderbilt.


Frederick W. Vanderbilt was born on February 2, 1856, in New Dorp, Staten Island. He was the third son of eight children born to William Henry Vanderbilt (1821–1885) and Maria Louisa (née Kissam) Vanderbilt (1821–1896). His siblings were Cornelius Vanderbilt II, who married Alice Claypoole Gwynne; Margaret Louisa Vanderbilt, who married Elliott Fitch Shepard; William Kissam Vanderbilt, who married Alva Erskine Smith and Anne Harriman Sands Rutherfurd; Emily Thorn Vanderbilt, who married William Douglas Sloane and Henry White; Florence Adele Vanderbilt, who married Hamilton McKown Twombly; Eliza Osgood Vanderbilt, who married William Seward Webb; and George Washington Vanderbilt II, who married Edith Stuyvesant Dresser.

He was the grandson of Commodore Cornelius Vanderbilt, who first created the Vanderbilt family's wealth. Upon his grandfather's death in 1877, 95% of the $100 million estate was left to his father and his three brothers ($5 million to Cornelius, and $2 million apiece to William, Frederick, and George).

In 1876, Vanderbilt graduated from Yale University's Sheffield Scientific School to which he later donated $500,000 in 1902. While at Yale, he joined St. Anthony Hall and paid for a new chapter house and domatory.

Career

After graduating from Yale, he joined his father at the New York Central Railroad, like his brothers, working in one department after another to gain an understanding of the railroad business. After working for many years at the railroad, he devoted his time to travel and yachting.

Vanderbilt was a director of 22 railroads, including New York Central Railroad, the Pittsburgh and Lake Erie Railroad, and the Chicago and North Western Railroad.

Legacy

Vanderbilt maintained residences in New York City (he lived for a while at 450 Fifth Avenue), Newport ("Rough Point"), Bar Harbor ("Sonogee"), Upper St. Regis Lake in the Adirondacks ("Pine Tree Point"), and a country palace in Hyde Park, New York ("Hyde Park") now preserved by the National Park Service as Vanderbilt Mansion National Historic Site. He built the nearby Howard Mansion and Carriage House for his nephew Thomas H. Howard in 1896.

Vanderbilt was the owner of 10 East 40th Street in Manhattan, a prominent example of art deco architecture, until his death; he also owned the steam yachts Vedette, Conqueror and Warrior. He commissioned a number of campus buildings at Yale University by architect Charles C. Haight that survive to this day, from campus dormitories comprising the present-day Silliman College, to Vanderbilt Hall, Phelps Hall, the Mason, Sloane and Osborn laboratories, and his secret society, St. Anthony Hall.

Personal life

In 1878, Frederick married Louise Holmes Torrance (née Anthony) (1854–1926), the daughter of Charles Lee Anthony and Catherine (née Holmes) Anthony. Louise's father was a successful dry-goods merchant in New York City. Louise had been previously married, in 1868, to Frederick's cousin Alfred Torrance, before their divorce in 1877.

Frederick Vanderbilt died in Hyde Park, New York, on June 29, 1938. He was buried at Vanderbilt Family Cemetery and Mausoleum in New Dorp. His estate was valued at $79,845,478 upon his death. He left $5,200,000 to the Sheffield Scientific School, $3,900,000 to Vanderbilt University, $1,300,000 to the Salvation Army, and $650,000 to the New York Association for Improving the Condition of the Poor. After his charitable donations, his niece, Mrs. Margaret Louise Van Alen (1876–1969), was the chief heir of his estate, receiving his 5th Avenue home, Hyde Park home, and 25% of the residue of the estate.

The Pittsburgh, McKeesport and Youghiogheny Railroad was incorporated on August 3, 1881, under the general laws of the State of Pennsylvania passed April 4, 1868. The road extended from the terminus of the Pittsburgh and Lake Erie Railroad in Pittsburgh, Pennsylvania to Connellsville, Pennsylvania.

It was eventually leased to the Pittsburgh and Lake Erie Railroad Company, January 1, 1884, for a term of nine hundred and ninety-nine years from August 3, 1881. Under the terms of the lease The Pittsburgh and Lake Erie Railroad Company and the Lake Shore and Michigan Southern Railway Company guaranteed six percent interest on the bonds, and six percent per annum dividend on its capital stock.

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Are the certificates offered on your site genuine or reproductions?

All of our pieces are genuine - 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.

All of our pieces are genuine - 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.

Are the certificates you sell negotiable on any of today's stock markets or indexes?

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!

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!

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.  

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.  

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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.

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.

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.

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Yes. We purchase old stocks and bonds as collectible pieces. Feel free to contact us or use our chat system to let us know what you have. We will get back to you as soon as we can!

Yes. We purchase old stocks and bonds as collectible pieces. Feel free to contact us or use our chat system to let us know what you have. We will get back to you as soon as we can!

Do you research stocks and bonds to determine if they are still negotiable?

No we do not. You would need to have a firm that specializes in such a search to determine if your stock or bond remains negotiable. We buy and sell stocks and bonds as collectible pieces only.

No we do not. You would need to have a firm that specializes in such a search to determine if your stock or bond remains negotiable. We buy and sell stocks and bonds as collectible pieces only.

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