New York Stock Brokers: Johnson & Wood

JOHNSON & WOOD

OCT

5

1898

NEW YORK.

David Thompson scan & enhancement

J. P. Morgan's $2 Billion Trading Loss

When J. P. Morgan was still alive, his company used large volumes of 1898 series documentary revenue stamps.  Jamie Dimon, J. P. Morgan's current CEO has probably never seen these stamps from a very different time in American business, when his predecessor had a level of power and responsibility that Mr. Dimon can hardly contemplate.

J. P. MORGAN & CO.

MAR

28

1902

N. Y.

Langlois scan

Mr. Dimon, Pierpont is watching you, and probably rolling in his grave.  J. P. Morgan was the architect of stability through several panics, and the occasional creator of tempests in the market.  But he ran the most successful financial firm in the world.  Mr. Morgan's present successor is busy losing money.  Only in April did Mr. Dimon dismiss issues in his Chief Investment Office as a "tempest in a teapot".  Now the "too big to fail" bank, one that would get a tax payer bailout if in trouble, has been playing with fire and has blown $2 billion through the workings of its Chief Investment Office.  In the real world, you get fired for less.  Pierpont would have fired Mr. Dimon yesterday.  The Volcker Rule can't come fast enough. 

New York Stock Brokers: Asiel & Company

ASIEL & CO.

OCT

19

1899

David Thompson scan

Asiel & Company was established in 1878.  It continues today under the name Tradition Asiel Securities Incorporated.  Members of the firm in 1898 with seats on the New York Stock Exchange included Maurice Seligman and Louis Frankenheimer.

New York Stock Brokers: Rolston & Bass and Rolston & Hooley

R & B

die cut initals

ROLSTON & BASS

MAY

15

1900

*

Langlois scans

Rolston & Bass memorandum of sale for 100 shares of Mobile & Ohio Railroad stock to the firm Sidenberg and Kraus

Through the first years of the 1898 tax period, Rolston & Bass carried on a brokerage as named partners, along with the unnamed Edwin Hooley.  By 1901, however, Bass ceased to be a part of the firm.  See the handstamped cancels below for Rolston & Hooley, combined with the old R&B die cut cancels.

The New York Times reported on February 1, 1901:

The co-partnership between William H. Rolston, Walter A. Bass, and Edwin S. Hooley, unter the firm name of Rolston & Bass, has been dissolved.  William H. Rolston, member of the New York Stock Exchange; Edwin S. Hooley, and Peter Martin have formed a co-partnership, under the firm name of Rolston & Hooley, and will continue the banking and stock brokerage business.

ROLSTON & HOOLEY

MAY

3

1901

*

David Thompson scan

New York Stock Brokers: Edgar C. Jurgensen

E. C. JURGENSEN,

APR

2

1901

NEW YORK.

Langlois scan

Edgar Jurgensen began the 1898 tax period as a broker with Barnes Brothers.   By 1901 he was running his own self-named brokerage firm. 

*******

Mr. Jurgensen became a suspect in a bit of trouble in 1910 -- the story sounds like something from 2012.

The New York Times, December 15, 1910:

AUTO PARTY KIDNAPS CHILD.

Daughter of E. C. Jurgensen Taken from Mother -- Father Suspected.

Special to The New York Times.

LYNN,  Mass., Dec.  14. -- Marguerite Jurgensen, the eight-year old daughter of Mr. and Mrs. Edgar C. Jurgensen, was kidnapped by three men on Monday afternoon, and carried away in an automobile.  The local police first learned of the case this afternoon, when Mrs. Jurgensen and her attorney, Stephen Breed, left for New York.  The Jurgensens were separated two years ago, and to Mrs. Jurgensen was given the custody of the child.  It is believed that either Mr. Jurgensen or agents acting for him were responsible for the girl's disappearance.

John Jurgensen, father of Edgar C. Jurgensen and a grandfather of the kidnapped girl, denied last night at his home, 9 West Eighty-first Street, that his son had anything to do with the girl's disappearance, and disclaimed all knowledge of the kidnapping.  Edgar C. Jurgensen, who has been living with his father, could not be reached.  It was said that he was out of town on business.  At Police Headquarters last night it was said that no request had been received for aid in tracing the girl.  Neither Mrs. Jurgensen nor Mr. Breed could be found among the arrivals at the hotels.

*******

No readily available follow-up story is on the web to tell us what happened to Marguerite.  I believe, however, that Edgar was not unavailable due to an out of town business trip.  Draw your own conclusions.

New York Stock Brokers: Barnes Brothers

BARNES BROS.

NOV

22

1900

NEW YORK

Langlois scan

Edgar Jugensen began the 1898 tax period as a Barnes Brothers employee but then left to start his own firm.  It is possible to find stamps and memoranda of sale used and cancelled for the dedicated work of Edgar Jergensen.

Philadelphia Stock Brokers: William H. Hurley Jr. & Company

W. H. H. Jr. & Co.

OCT   10   1900

David Thompson scans

William H. Hurley Jr. ran the brokerage business in Philadelphia while his partner John W. Sparks held the seat and traded for the firm at the New York Stock Exchange.

New York Stock Brokers: Albert Loeb & Company

Albert Loeb was the senior partner in his brokerage firm.  He died in 1902 when he was 42 years old.

ALBERT LOEB & CO.

MAY

8

1899

N. Y.

Thompson scan

ALBERT LOEB & CO.

FEB

13

1901

N. Y.

Langlois scan

The New York Times, October 13, 1902:

Albert Loeb.

Albert Loeb, senior partner in the banking firm of Albert Loeb & Co. of 32 Broadway and 7 East Forty Second Street, living at 123 West Seventy First Street, died suddenly yesterday morning of apoplexy.   Mr. Loeb, with several members of his family, had been to Hot Springs for some little time past, and he returned to New York Friday, Mrs. Loeb remaining in the West.  Mr. Loeb suffered a shock Saturday evening, from which he did not rally, and died at 7:30 yesterday morning.

He was born in Cincinnati forty two years ago, and after receiving his early education there, entered the employ of a merchant house.  Coming to New York a few years later he obtained a position with Kuhn, Loeb & Co., later becoming a member of the firm Gernsheim & Co.  In 1893 Mr. Loeb went into business for himself under the firm name of Albert Loeb & Co. The other partners were Louis F. Josephthal and Louis F. Rothschild.

Mr. Loeb was a member of the Stock Exchange and a Director of the St. Louis and Southwestern Railroad.  He leaves a wife and three sons.

Insurance Companies: Maryland Casualty Company

MARYLAND CAS. CO

MAY

2

1902

Langlois scan

Corporate brochure marking the company's 50th anniversary

Founder John Stone looks like Robin Williams as Theodore Roosevelt in the movie Night at the Museum

Beacon Falls Rubber Shoe Company

B.  F.  R.  S.  Co.

JUN  XX  1899

Thompson scan & highlight

Beacon Falls Rubber Shoe Company has a significant place in sneaker history.  A man named Marquis Converse worked at the Boston office of the Beacon Falls Rubber Shoe Company before he left to form the Converse Rubber Shoe Company.  Converse created the Chuck Taylor basketball shoe and hired the former NBA player to promote the shoes.  The rest is history.  Are you wearing Chuck Taylors right now?

New York Stock Brokers: James D. Smith

Mr. Smith was President of the New York Stock Exchange from 1886 - 1887

J. D. S. & CO.

SEP     8    1899

Dave Thompson scan

Advertisement, New York Tribune, January 30, 1897

Charles Taylor Guilty on 11 Counts at The Special Court for Sierra Leone in The Hague

This post has nothing to do with 1898 revenues or stamps in general.  But it has much to do with my life and the life of my family.  I've spent 10 years in the West African states of Liberia and Sierra Leone, 8 of them with Taylor in ascendence and creating hell for all that lived in both countries.

Today is a great day, partially for reasons of justice, but mostly because Taylor will now be unable to gain his freedom and return to the West Africa region to destabilize it once more.  Taylor was found guility today at a court in The Hague in The Netherlands of aiding and abetting crimes against humanity on 11 counts. 

I lost many friends to Mr. Taylor and his men.  I also spent years of life working to buffer the cruel effects of his rule and warlordism.  While neither Liberia or Sierra Leone will shake off the effects of years of coups and wars, in part led by Charles Taylor, they can now definitively be on the way to putting this terrible history behind them.

Taylor's sentencing process starts today.  You can access the Court's website by clicking here.

New York Stock Brokers: Goldsmith, Wolf & Company

GOLDSMITH,

MAY

2

1901

WOLF & CO.

Dave Thompson scan

This brokerage firm was located at 72 Broadway.  The named partners were Frederick T. Goldsmith and Theodor Wolf.  The firm and its partners were not named in the 1897 King's Views of the New York Stock Exchange.

Frederick T. Goldsmith

obituary photo

New York Daily Tribune

April 19, 1905

The April American Philatelist: Guam Island Mail

In a month where 1898 Revenues broke the story on the 1898 betel nut tax,  The American Philatelist magazine has run a story on occupation Guam Island Mail!  Imitation is the highest form of flattery.

Join the APS to receive a subscription to the The American Philatelist and articles like the one above.

New York Stock Brokers: S. F. Johnson & Company

Senior partner S. Fisher Johnson

Stock memorandum of sale for 200 shares of the Mobile & Ohio Railroad  from S. F. Johnson & Co., brokers, to Sidenberg & Krauss, brokers.

S.  F.  J.  &  CO.

MAY   15   1900

Langlois scans

Mr. Miller and Mr. Graham were partners of Mr. Johsnon.  Where do you suppose Mr. Miller was looking when this picture was taken, and what about Mr. Graham? 

New York Stock Brokers: Norton & Tunstall

advert, NY Evening Post, January 25, 1899

The firm of Norton & Tunstall was dissolved circa 1899, in the year of this advert and the cancel below.  Mr. Tunstall began his career on Wall Street and worked his way up from office boy at the firm Haven & Stout.  Tunstall would leave and go to the firm of Macy & Pendleton, where E. Hope Norton was a client.  From their days at Macy & Pendleton, Henry Tunstall would start a partnership with E. Hope Norton.  It is reported that Norton purchased Mr. Tunstall's seat on the exchange.  Their partnership was shortlived. 

I am intereseted in other cancels by the Norton & Tunstall firm or from Tunstall's independent firm after he broke up his patnership with Norton.  Please write to 1898revenues@gmail.com

NORTON & TUNSTALL

JUL

14

1899

NEW YORK

Langlois scan

New York Stock Brokers: E. C. Benedict & Company

Elias Cornelius Benedict was a New York banker and broker specializing in gas and rubber securities.  He was also famous as a yachtsman and as a close friend of U. S. President Grover Cleveland. 

E. C. BENEDICT & CO.

JAN  17  1899

NEW YORK

David Thompson scan and enhancement

Benedict on his yacht Oneida c. 1913