Lovely Stock Certificate Issued to Grover Cleveland and Signed by Him on the Verso
GROVER CLEVELAND, Partially Printed Document Signed, Certificate for 25 shares of stock in New York Security and Trust, signed by company president Charles S. Fairchild, September 18, 1889; endorsed on verso by Cleveland, March 25, 1904. 2 pp., 11ʺ x 7.625ʺ. Also includes corresponding receipt signed by Fairchild, September 18, 1889, 3.625ʺ x 7.625ʺ; and a postcard from the World’s Columbian Exposition in Chicago featuring a color image of President Cleveland, 1893, 5.625ʺ x 3.5ʺ. All excellent.
“This Certifies that Grover Cleveland is entitled to Twenty five Shares of one hundred dollars each of the Capital Stock of the New York Security and Trust Company transferable only on the books of the Company by the said stockholder or his Attorney or substitute on surrender of this Certificate.”
“For Value received ____ have bargained sold assigned and transferred...the Capital Stock named in the withing Certificate....
“Dated March 25th 1904
Postcard, August 7, 1893:
“Dear sister this leaves me in good health in the Pennsylvania Building. i have put one day in at the Fair it is very grand words cannot discribe it i will write no more from here Your Brother Will”
William H. Wohr (1860-1932) wrote from the World’s Columbian Exposition in Chicago to his younger sister Mary E. Wohr (1866-1952) in Lancaster, Pennsylvania.
Grover Cleveland (1837-1908) was born in New Jersey but grew up in New York. In 1855, he moved to Buffalo and obtained a clerical job from an uncle. He read law, gained admission to the New York bar in 1859, and began his own law practice in 1862. In 1863, he received appointment as assistant district attorney for Erie County and hired a substitute for $150 to serve in the Union army in his place. From 1870 to 1873, he served as sheriff of Erie County. During this time, he had a child with the widow Maria Halpin. In the early 1880s, he served successively as mayor of Buffalo (1882) and as governor of New York (1883-1885). His opposition to political corruption made him popular and led to his becoming the Democratic nominee for president in 1884. He narrowly defeated Republican candidate James G. Blaine with a plurality of just over 57,000 votes out of more than ten million cast. As president, Cleveland largely eliminated the spoils system, began modernizing the U.S. Navy, and signed an act creating the Interstate Commerce Commission. He favored a limited government and made extensive use of the veto against bills passed by the Republican Senate. Entering the presidency as a bachelor, Cleveland in 1886 married Frances Folsom, who was twenty-eight years his junior, becoming the only president to marry in the White House Between 1891 and 1903, they had five children. In 1888, Cleveland narrowly lost re-election to Republican Benjamin Harrison. Although Cleveland won a plurality of the popular vote, Harrison gained a majority of 233 to 168 in the Electoral College by carrying the critical swing states of New York and Indiana. In 1889, Cleveland moved to New York City and resumed the practice of law. He also spent considerable time at Buzzard Bay, where fishing became a favored hobby. When Cleveland spoke out in 1891 against Harrison’s support of money backed by silver, he became a contender for the Democratic nomination in 1892. In a rematch of the presidential contest of 1888, Cleveland defeated incumbent Harrison to become the only person to serve non-consecutive terms as president. With the new Populist Party drawing away Republican strength in the West, Cleveland won by wide margins in both the popular and electoral votes. Cleveland’s second term was marked by an economic depression caused by the Panic of 1893, tariff reform, and Cleveland’s breaking the Pullman Strike of 1894 with federal troops. In 1893, Cleveland was diagnosed with a malignant mouth cancer, but he had surgery secretly aboard his friend E. C. Benedict’s yacht to avoid further panic that might worsen the depression. After leaving the presidency in March 1897, Cleveland lived in retirement at his estate in Princeton, New Jersey.
New York Security and Trust Company was organized in 1889 with original capital and surplus of $1.5 million. Charles S. Fairchild (1842-1924) served as U.S. Secretary of the Treasury in the latter half of President Grover Cleveland’s first administration (1887-1889). When Cleveland failed to gain reelection in 1888, Fairchild returned to New York City, organized the New York Security and Trust Company, and served as its first president.
This item comes with a Certificate from John Reznikoff, a premier authenticator for both major 3rd party authentication services, PSA and JSA (James Spence Authentications), as well as numerous auction houses.
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