#S436,Boston, Newport & New York Steamboat Co. Stock,1865,Nice Vignette,Revenue

Description

in excellent condition with normal wear as per its age.

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"Cert. #280, issued for 6 shares in 1865. Nice vignette of a steamship with a sidewheeler at the top. Revenue stamp attached at bottom left. Red stamp and line canceled through signatures. The company moved its terminus from Fall River to Newport, RI In 1869. Company with ships sold to James Fisk Jr.'who controlled Narragansett Steamship Company. Fisk was an American stockbroker and corporate executive who has been referred to as one of the "robber barons" of the Gilded Age. Oliver Ames, president of BNNSC started his career in the family's shovel factory in Easton, MA. He and brother Oakes invested the companies profits and gained controlling interest in Union Pacific Railroad. He served as Lieutenant Colonel in the Mass. Militia prior to the Civil War, during which he managed the family's manufacturing operations. Became president of banks, railroads and other companies. Elected to the Senate, serving 1881 to 1883, Lt Governor from 1883 until becoming governor in 1887. His brother, Oakes Ames was in congress and censured for his part in the 1872 scandal Credit Mobilier. The Bay State Steamboat Company was sold to the Boston, Newport and New York Steamboat Company, and in turn sold to the Narragansett Steamboat Company in 1869 forming the Fall River Line. Jay Gould, a leading American railroad developer and speculator became president of the line in 1872 and eventually sold the Fall River Line to the Old Colony Railroad in 1874."