York Transit Company > 1907 stock signed by John J Boland & Adam E Cornelius

Description

Old Stock Yard Collectible Stock and Bond Certificates
York Transit Company
Original stock certificate
Issued in 1907
Dated at Buffalo, New York; Incorporated in New York
Hand signed by company officers, including
John J. Boland
as President and
Adam E. Cornelius
as Secretary
Adam E. Cornelius
(1882–1953) was one of the co-founders of the American Steamship Company. At age 20, Cornelius went to work for a small shipbroking and shipping chartering business owned by John J. Boland in Buffalo, New York. Initially, Cornelius did clerical work and earned six dollars a week. In 1904, Boland invited Cornelius to enter into a partnership with his firm. In 1907, Boland and Cornelius launched a company which they named the American Steamship Company. Their first vessel, the SS Yale was the first steel vessel owned by a Buffalo firm and earned large profits for the partners. Boland and Cornelius ran the American Steamship Company successfully until the Great Depression, at which point Cornelius came up with the idea of converting the company's fleet to self-unloaders. This strategy paid off. Cornelius' son, Adam E. Cornelius, Jr. was involved with the American Steamship Company, and took over as chairman after Cornelius Sr. died in 1953. A number of vessels owned by the American Steamship Company have been named the Adam E. Cornelius in his honor. -Wikipedia
John J. Boland
was the son of a Great Lakes schooner captain. At age 20, Boland formed a small shipbroking and shipping chartering business. In 1902, he hired Adam E. Cornelius to do clerical work. In 1904, Boland invited Cornelius to enter into a partnership with his firm. In 1907, Boland and Cornelius launched a company which they named the American Steamship Company. Their first vessel, the SS Yale was the first steel vessel owned by a Buffalo firm and earned large profits for the partners. Boland and Cornelius ran the American Steamship Company successfully until the Great Depression, at which point they decided to convert the company's fleet to self-unloaders. This strategy paid off. Boland's son, John J. Boland, Jr. was involved with the American Steamship Company, and took over as chairman after Boland Sr. died in 1956. -Wikipedia
Attractive certificate with beautiful underprint and nice vignette
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