Cancel for January 11: Jacob Hoffmann

Jacob Hoffman signed check

JacHoff

January 11/1900

manuscript cancel by Jacob Hoffmann

In a previous post, you can view a June 29, 1898 Jacob Hoffmann bill of lading.  Jacob Hoffmann ran a brewery in New York.

New York Bankers, Banks & Trusts: New York Produce Exchange Bank

The New York Produce Exchange in 1897

N. Y. PRODUCE

JAN  6  1899

EXCHANGE BANK

From King's Views of The New York Stock Exchange, 1897:

New York has six will-established exchanges, including the Stock Exchange, all occupying buildings owned or constructed for their special uses.  Their operations are on similar lines, and many firms hold memberships in two or more of them, this being especially true of the Stock, Cotton, and Produce Exchanges...

The Produce Exchange, housed in one of the finest structures of its kind, is also in point of member one of the largest exchanges in the world.  Incorporated in 1868, it did not occupy until 1884 its present building [pictured above] which cost altogether $3,178,645...There are 3,000 members.  Membership has varied in price from $5,000 to $150, and costs today about $250.

New York Bankers, Banks & Trusts: New York Central Trust Company

NEW YORK CENTRAL TRUST CO.

APR

24

1899

R155s with Check Value Die Cuts

$25, $3, and $5 check value die cuts on copies of R155

A collector and reader in Israel sent in this scan of several R155s with apparent cut cancels.  These die cut dollar value "cancels" were almost certainly made by a machine that punched a check with corresponding dollar value of the check; presumably this process was done to prevent check washing.

Bob H., am I right about the use of punching the value into the check?

New York Bankers, Banks & Trusts: J. P. Morgan & Company

1901 Poor's Manual, Advertisement for J. P. Morgan & Company

New York Bankers, Banks & Trusts: United States Mortgage & Trust Company

New York Daily Tribune

January 1, 1903

United States

FEB  23  1900

Mortgage & Trust Co.

New York Bankers, Banks & Trusts: The Mercantile Trust Company

THE MERCANTILE TRUST CO.

APR

3

1901

New York Bankers, Banks & Trusts: Lazard Freres

L. F.

SEP  24  '01

N. Y.

Langlois scans

inverted L. F. perfin

George Blumenthal

Head of the US branch of Lazard Freres; partner in French branch during the 1898 tax period.  Blumenthal was an uncle to Katherine Graham.  Graham was the publisher of the Washington Post through the 1960s and 70s.

New York Bankers, Banks & Trusts: J. & W. Seligman & Company

J. & W. SELIGMAN & CO.

1899

Joseph Seligman

New York Bankers, Banks & Trusts: Goldman Sachs

GOLDMAN, SACHS & COMPANY

Langlois scans

Marcus Goldman, c. 1900

1821 - 1904

Founder of Goldman Sachs.

New York Bankers, Banks & Trusts: Bank of New York

The Bank of New York, National Banking Association

1900

BANK OF NEW YORK,

MAR

7

1902

N. B. A.

Langlois scans

Happy New Year 2012!

FREIGHT OFFICE

L. S. & M. S. Ry

JAN  1  1900

SO. CHICAGO

ILLS.

*****

Happy New Year!    2012 will continue with our ongoing series on New York and other stock brokers, but will begin with a series on New York and other bankers, banks, and trusts.  Somewhere down the line I will revisit documentary printed cancels.  I can't say much more about what 2012 holds for the site; planning isn't really my strength as a blog publisher.  However, I've got lots of proprietary printeds to rollout, and a discussion to start on the Joyce/Buford lists of proprietary printed cancels.

A new addition for 2012 is this feature page on stock broker cancels. At this page, you can find a list of links to posts on stock brokers and their cancels, compiled in alphabetical order.  I will endeavour to keep this list up-to-date on a bi-weekly basis.  Nearly 70 brokers are listed on this links page as of today.

Thanks to all the regulars and occasional visitors to this site.  I wish you all the best for the New Year.

New York Stock Brokers: Dominick & Dominick

Home page from Dominick & Dominick's 2011 website.

January 1904 Dominick & Dominick column advertisement

Dominick & Dominick

FEB    4    1902

New York.

Langlois scan

These photos of the partners in the Dominick & Dominick firm were taken in 1897 for the book King's Views of the New York Stock Exchange when the firm was still named Dominick & Dickerman.  Before the end of the 1898 tax period, Watson Dickerman departed the firm, with the consequent rename of the firm to Dominick & Dominick. 

Dominick & Dominick still exists today as an independent financial services firm specializing in wealth management, institutional trading, investment banking, and risk management.

Bayard Jr.'s future was bright. This photo is c. 1897; he would become the senior partner in the firm. From the D&D website:

Bayard Dominick Jr. succeeded his father to become the senior partner and the firm entered the investment banking business.  In 1919 D&D headed a syndicate which underwrote $50 million General Motors 6% Preferred Stock -- the largest industrial company underwriting of its kind up to that point. 

New York Stock Brokers: Dominick & Dickerman

January 7, 1898 Column advertisement for Dominick & Dickerman

Dominick & Dickerman's Watson Dickerman was a President of the New York Stock Exchange in the early 1890s, and was a named partner of this firm at the beginning of 1898.  Over the course of the 1898 tax period, however, Mr. Dickerman would leave the partnership with the sprawling Dominick family, and the firm's name would change to Dominick & Dominick.  Dominick & Dominick still exists today.  Tomorrow this site will highlight a cancel from the Dominick only franchise.

From the Dominick & Dominick website:

When Dominick & Dickerman was founded in 1870, Ulysees S. Grant was in The White House.  The country was engaged in post Civil War construction.  The vast areas west of the Mississippi River were largely wilderness.   William Gayer Dominick & Watson Bradley Dickerman met on the floor of the New York Stock Exchange and in 1870 formed the partnership of Dominick & Dickerman.

DOMINICK & DICKERMAN,

JAN

6

1899

NEW YORK.

Bayard Dominick, brother of Marinus Dominick and father of Bayard Dominick, Jr.

New York Stock Exchange Presidents

Yesterday's post on Edward Sweet & Company got me thinking about whether I could put together a group of cancels and photos of the Presidents of the NYSE in the years before, during, and after the 1898 tax period.  The Presidents included here were part of firms that operated during the 1898 tax period, and consequently cancelled stamps during that time. 

The collection is a work in progress, but with the stamps from mine and Dave T's collections I was able to assemble a decent survey, with only one company cancel, that of Pomroy Brothers, missing between 1886-1912. There is also representation going back to 1878, by Mr. Ives of R. H. Bissell & Company.

Brayton Ives

President, NYSE, 1878-1879

Mr. Ives was partner in the firm R. H. Bissell & Company.

cancel for R. H. Bissell & Company

Thompson scans

There is a gap here from 1880 to 1885....1898 Revenues is seeking cancels for the firm of Vermilye Company.  Please write to 1898revenues@gmail.com if you have any 1898 series stamps with Vermilye cancels.

1882 Hudson Hawley painting of the New York York Stock Exchange on Broad Street

In 1903, the NYSE would move to a new and grander location on Broad Street.

James D. Smith

President, NYSE, 1886-1887

Cancel for James D. Smith & Company

J. D. S. & CO.

SEP  8  1899

Thompson scan

William L. Bull

President, NYSE, 1888-1889

Senior Partner, Edward Sweet & Company

perfin cancel for Edward Sweet & Company

E S & Co

Langlois scan

Watson B. Dickerman

President, NYSE, 1890-1891

Watson Dickerman was a founding partner of Dominick & Dickerman, a firm that would be renamed Dominick & Dominick upon Mr. Dickerman's departure from the firm.  Dominick & Dominick is still in business today and remains privately owned. 

Cancel for Dominick & Dickerman

DOMINICK & DICKERMAN

JAN

6

1899

NEW YORK.

Langlois scan

Frank K. Sturgis

President, NYSE, 1892-1894

Sturgis was President of the Exchange during the Panic of 1893.  The panic produced the second greatest economic depression the US has experienced after the Great Depression of the 1930s.

Cancel for Strong Sturgis & Company

S. S. & CO.

APR

10

1899

Langlois scan

Francis L. Eames

President, NYSE, 1894-1898

Cancels for Eames & Moore

EAMES & MOORE

JAN

2X

1901

NEW YORK.

die cut:

E & M

Thompson scan

Rudolph Keppler

President, NYSE, 1898-1903

Rudolph Keppler presided over the Exchange when it moved into its new and present facilities.  The Harper's issue above, on which Mr. Keppler was the cover feature, contained an article on the Exchange entitled "The American Gambling Spirit" by Edwin Lefevre.  Lefevre was a noted stock broker and journalist who chronicled the stock market in the early 20th century.

cancel for Rudolph Keppler & Company

RUDOLPH KEPPLER & CO.

SEP

22

1898

Langlois scan

Current NYSE, opened in 1903.

Ransom H. Thomas

President, NYSE, 1903-1904

Cancel for R. H. Thomas & Company:

R. H. THOMAS & CO.

SEP

5

1899

NEW YORK.

Langlois scan

Henry K. Pomroy

President, NYSE, 1904-1907

Pomroy Brothers cancel needed.  David T - Any P. B. cancels in your collection?

Ransom H. Thomas

President, NYSE, 1907-1912

Mr. Thomas returned as President during the market panic year of 1907.  The panic of 1907 was stabilized through the actions of J. Pierpont Morgan; the ensuing investigation of its cause and proposed remedies led to the creation of the US Federal Reserve.  Imagine a Ron Paul America with no Federal Reserve -- life would go back to financial panics, delivered at least once a generation, controlled only by kingpin financial barons like J. P. Morgan.  Paul can have his vision of America.  It is not mine.

Cancel for R. H. Thomas & Company:

R. H. THOMAS & CO.

SEP

5

1899

NEW YORK.

Langlois scan