ROBERT MORRIS - STOCK CERTIFICATE SIGNED 08/04/1792

Description: HistoryForSaletm Autographs & Manuscripts Make an Offer Today and Get a Quick Response! Take a Look at this Week's Specials! ROBERT MORRIS - STOCK CERTIFICATE SIGNED 08/04/1792 - HFSID 32163 ROBERT MORRIS. Stock Certificate signed: "Robt Morris" as President of Delaware and Schuylkill Canal Navigation and U.S. Senator, 1p, 9¾x8. Philadelphia, 1792 August 4. Certificate No. 1084. In part: "Be it hereby certified, by the President, Managers, and Company of the Delaware and Schuylkill Canal Navigation, That John C Moller of [left blank] is entitled to one Share of Stock, in the said Company, numbered Ten Hundred and Eighty four transferrable (sic) in the presence of the Treasurer, by the said John C Moller or his attorney...." Also signed by the Treasurer of the company. Docketed (unknown hand) on verso, transferring Moller's stock to David Dunbar on January 7, 1793 and to other shareholders in 1793, 1794, 1795 and 1803. In the 1790s, Morris and other Philadelphians promoted the Delaware and Schuylkill Canal Navigation company, which was eventually made unnecessary by the establishment of the Schuylkill Navigational Company and the Schuylkill & Susquehanna Canal Company, the latter being supplanted by the Union Canal Company. The canals had been proposed to transport coal from the Allegheny region to eastern markets. Just six years after signing this stock certificate, Philadelphia merchant and financier Robert Morris (1734-1806) was imprisoned for debt (1798-1801) after being financially ruined by speculative investments. Morris, a delegate to the Continental Congress (1775-1778), had voted against American independence, considering it premature, but he later worked diligently on military procurement, playing a key role in keeping George Washington's army supplied. He was U.S. Superintendent of Finance (1781-1784) under the Articles of Confederation, cutting expenses and raising revenue (often borrowing in his own name) to keep the new government solvent. Also a delegate to the Constitutional Convention, Morris was George Washington's first choice to be Secretary of the Treasury. Morris declined the offer to serve instead in the U.S. Senate (1789-1795). In 1795, three years after signing this certificate, Morris, John Nicholson and James Greenleaf organized the North American Land Company to develop and sell six million acres of land in Pennsylvania, Virginia, North Carolina, South Carolina, Georgia and Kentucky. Unfortunately for Morris, the company stock sold slowly and western land values did not increase as predicted. Coupled with financial instability due to the Napoleonic Wars and abuses on the part of Greenleaf, the company collapsed, plunging Morris into bankruptcy. Lightly creased with folds, vertical fold touches the "b" in Robt. 1-inch tear at upper left blank margin, 1-inch separation at upper margin at vertical fold. Shaded at vertical folds, slight show through of docket on verso. Chipped at edges. Overall, fragile condition. See more material from these signers: ROBERT MORRIS See more listings in our U.S. POLITICIANS (3,583) category. Please note that this is an authentically signed item. We do not sell autograph copies or signature reprints Click main eBay images to see larger versions Images shown may contain our company watermark. The actual document does not contain this watermark Certificate of Authenticity This item has been authenticated and is accompanied by a Certificate of Authenticity issued by our parent company, Gallery of History, Inc. We financially stand behind our COA. Our commitment to authenticity and customer satisfaction are the reasons why we've been able to stay in business for so long (since 1981)! 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Authenticity: This item has been authenticated and is accompanied by a Certificate of Authenticity issued by our parent company, Gallery of History, Inc. We financially stand behind our COA. Our commitment to authenticity and customer satisfaction are the reasons why we've been able to stay in business for so long (since 1981)! Ask us about our PSA/DNA and JSA authentication guarantee. Payment - Buyers will be sent payment instructions following their purchase. Customers are advised that they are responsible for payment of any international duties and/or taxes. Unless otherwise agreed to, complete payment is due within 24 hours of purchase. Return Policy: If any substantial defect not described in the item listing is found by the purchaser, the item(s) must be returned within 3 days of receipt. Item(s) may not be returned except for reasons of authenticity or substantial defect in description. 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Price: 2750 USD

Location: Las Vegas, Nevada

End Time: 2025-01-26T00:14:41.000Z

Shipping Cost: 36 USD