On Sunday, this site highlighted the split in the firm of McIntyre & Marshall during the 1898 tax period. In that case, the partners in the firm created two new firms out of the one. Today is presented the case of Chauncey Brothers, who, because of the death of a brother, the firm was reorganized and renamed.
CHAUNCEY BROS & CO.
OCT
13
1898
NEW YORK
By July 1898, the brothers Daniel and Samuel Chauncey ran a Wall Street brokerage firm called Chauncey Brothers & Company. The brothers each held their own seats on the exchange, with Daniel admitted in 1881 and Samuel admitted in 1885. The firm used an oval date stamp to cancel their stamps. They also must have been a firm that specialized in smaller trades (those less than one hundred shares), as many of the cancels that I have seen from their firm are on the battleship stamps.
In August 1899, Samuel S. Chauncey died after a protracted illness. He passed away in Colorado Springs, as he was traveling to the west and south on the advice of his physician, likely to escape the cold of New York. His brother Daniel continued to hold his seat at the New York Stock Exchange and continued trading, though he renamed the firm Chauncey & Company. I do not know when the name change took place, though by July 1900 his firm was listed by the name Chauncey & Co.
CHAUNCEY & CO.
JAN
27
1902
Look for "Chauncey" cancels among your battleships. You may have one by the brothers or by Daniel's newer firm.
No comments:
Post a Comment