Jacksonville St Augustine & Halifax River Railway 1883 Florida Stock Certificate For Sale
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Jacksonville St Augustine & Halifax River Railway 1883 Florida Stock Certificate:
This is EXTREMELY RARE - Jacksonville St Augustine and Halifax River Railway --- Any stock on this Florida Railroad is very rare - This was a Henry Flagler railroad - i also have one SIGNED by flagler lister -
Henry Morrison Flagler(January 2, 1830– May 20, 1913) was an American industrialist and a founder ofStandard Oil. He was also a key figure in the development of the Atlantic coast ofFloridaand founder of what became theFlorida East Coast Railway. He is known as the father of bothMiamiandPalm Beach, Florida.
Business and Standard OilHenry Flagler, c. 1882Flaglers Gingerbread house in Bellevue, OH
After the failure of his salt business in Saginaw, Flagler returned to Bellevue and reentered thegrainbusiness as a commission merchant with The Harkness Grain Company. Through this business, Flagler became acquainted withJohn D. Rockefeller, who worked as a commission agent with Hewitt and Tuttle for the Harkness Grain Company. By the mid-1860s,Clevelandhad become the center of the oil refining industry in America and Rockefeller left the grain business to start his own oil refinery. Rockefeller worked in association with chemist and inventorSamuel Andrews.Standard Oil Articles of Incorporation signed by John D. Rockefeller, Henry M. Flagler, Samuel Andrews, Stephen V. Harkness and William Rockefeller
Needing capital for his new venture, Rockefeller approached Flagler in 1867. Flagler obtained $100,000 (equivalent of $1.7 million in 2014) from family memberStephen V. Harknesson the condition that Flagler be made a partner. TheRockefeller, Andrews & Flaglerpartnership was formed with Flagler in control of Harkness' interest.The partnership eventually grew into theStandard OilCorporation. It was Flagler's idea to use therebatesystem to strengthen the firm's position against competitors and the transporting enterprises alike. Though the refunds issued amounted to no more than fifteen cents on the dollar, they putStandard Oilin position to outcompete other oil refineries.By 1872, it led the American oil refining industry, producing 10,000 barrels per day (1,600m3/d). The Flagler family moved to New York in 1877 since New York was becoming the center of commerce in the US. In 1885,Standard Oilmoved its corporate headquarters to New York City to the iconic26 Broadwaylocation .
Standard Oilhad the same principal owners that Rockefeller, Andrews and Flagler had, give or take a few business associates: one of whom was Rockefeller's brother, William.Standard Oilmonopolized quickly and took America by storm.Although Standard Oil was a partnership, Flagler was credited as the brain behind the booming oil refining business. According to Edwin Lefevre, in "Flagler and Florida" fromEverybody's Magazine, XXII (February, 1910) p.183, "WhenJohn D. Rockefellerwas asked if theStandard Oilcompany was the result of his thinking, he answered, "No, sir. I wish I had the brains to think of it. It was Henry M. Flagler."
Henry Flagler dabbled in various businesses aside from building up infrastructure in Florida. When he envisioned successes in the oil industry, he and Rockefeller started building their fortune in refining oil in Cleveland, Ohio. Cleveland became very well known for oil refining, as, "More and more crude oil was shipped from the oil regions to Cleveland for the refining process because of transportation facilities and the aggressiveness of the refiners there. It was due largely to the efforts of Henry M. Flagler and John D. Rockefeller."Flagler and Rockefeller worked hard for their company to achieve such prominence. Henry explained: "We worked night and day, making good oil as cheaply as possible and selling it for all we could get."Not only did Flagler and Rockefeller'sStandard Oilcompany become well known inOhio, they expanded to other states, as well as gained additional capital in purchasing smaller oil refining companies across the nation.According to Allan Nevins, inJohn D. Rockefeller(p 292), "Standard Oil was born as a big enterprise, it had cut its teeth as a partnership and was now ready to plunge forward into a period of greater expansion and development. It soon was doing one tenth of all the petroleum business in the United States. Besides its two refineries and a barrel plant in Cleveland, it possessed a fleet of tank cars and warehouses in the oil regions as well as warehouses and tanks in New York."Henry Flagler’s steam yacht Alicia, 160’ long at the waterline, custom built in 1890 by Harlan and Hollingsworth of Wilmington, Delaware.
By 1892,Standard Oilhad a monopoly over all oil refineries in the United States. In an overall calculation of America's oil refineries' assets and capital,Standard Oilsurpassed all.Standard Oil's combined assets equalled approximately $42,882,650.00 (U.S) from: Indiana, Kentucky, New Jersey, New York and Ohio. As well as the highest capitalization, totaling $26,000,000 (U.S).The history of American oil refining begins with Henry Morrison Flagler, and his business associate and friend,John D. Rockefeller, as they built the biggest, most prosperous and monopolizing oil empire of their time:Standard Oil.Florida: resort hotels and railroads
On the advice of his physician, Flagler traveled toJacksonvillefor the winter with his first wife, Mary (née Harkness) Flagler, who was quite ill. Two years after she died in 1881, he married again. Ida Alice (née Shourds) Flagler had been acaregiverfor Mary Flagler. After their wedding, the couple traveled toSaint Augustine. Flagler found the city charming, but the hotel facilities and transportation systems inadequate.Franklin W. Smithhad just finished buildingVilla Zoraydaand Flagler offered to buy it for his honeymoon. Smith would not sell, but he planted the seed of St. Augustine's and Florida's future in Flagler's mind.
Although Flagler remained on the board of directors of Standard Oil, he gave up his day-to-day involvement in the corporation to pursue his interests in Florida. He returned to St. Augustine in 1885 and made Smith an offer. If Smith could raise $50,000, Flagler would invest $150,000 and they would build a hotel together. Perhaps fortunately for Smith, he couldn't come up with the funds,so Flagler began construction of the 540-roomPonce de León Hotelby himself, but spent several times his original estimate. Smith helped train the masons on the mixing and pouring techniques he used on Zorayda.Florida East Coast Railway, Key West Extension, express train at sea, crossingLong KeyViaduct, Florida.photo from Florida Photographic Collection
Realizing the need for a sound transportation system to support his hotel ventures, Flagler purchased short line railroads in what would later become known as theFlorida East Coast Railway.
ThePonce de León Hotel, now part ofFlagler College, opened on January 10, 1888 and was an instant success.Ponce de Leon Hotel - Now Flagler College
This project sparked Flagler's interest in creating a new "American Riviera." Two years later, Flagler expanded his Florida holdings. He built a railroad bridge across theSt. Johns Riverto gain access to the southern half of the state and purchased the Hotel Ormond, just north ofDaytona. He also built the Alcazar hotel as an overflow hotel for thePonce de León Hotel. The Alcazar stands today as theLightner Museumnext to theCasa Monica Hotelin St. Augustine that Flager bought fromFranklin W. Smith. His personal dedication to the state of Florida was demonstrated when he began construction on his private residence, Kirkside, in St. Augustine.
Flagler completed the 1,100-roomRoyal Poinciana Hotelon the shores ofLake WorthinPalm Beachand extended his railroad to its service town,West Palm Beach, by 1894, founding Palm Beach and West Palm Beach.The Royal Poinciana Hotel was at the time the largest wooden structure in the world. Two years later, Flagler built the Palm Beach Inn (renamedBreakers Hotel Complexin 1901) overlooking the Atlantic Ocean in Palm Beach.
Flagler originally intended West Palm Beach to be the terminus of his railroad system, but in 1894 and 1895, severe freezes hit the area, causing Flagler to reconsider. Sixty miles south, the area today known as Miami was reportedly unharmed by the freeze. To further convince Flagler to continue the railroad to Miami, he was offered land in exchange for laying rail tracks from private landowners, the Florida East Coast Canal and Transportation Company, and the Boston and Florida Atlantic Coast Land Company. The land owners wereJulia Tuttle, whom he had met inCleveland, Ohio, andWilliam Brickellwho ran a trading post on theMiami River.
Such incentive led to the development of Miami, which was an unincorporated area at the time. Flagler encouraged fruit farming and settlement along his railway line and made many gifts to build hospitals, churches, and schools in Florida.
By 1896, Flagler's railroad, theFlorida East Coast Railway, reachedBiscayne Bay. Flagler dredged a channel, built streets, instituted the first water and power systems, and financed the city's first newspaper,The Metropolis. When the city was incorporated in 1896, its citizens wanted to honor the man responsible for its growth by naming it "Flagler". He declined the honor, persuading them to use an old Indian name, "Mayaimi". Instead, an artificial island was constructed in Biscayne Bay calledFlagler Monument Island. In 1897, Flagler opened the exclusiveRoyal Palm Hotelthere. He became known as theFather of Miami, Florida.
Flagler's second wife, the former Ida Alice Shourds, had been institutionalized for mental illness since 1895. In 1901, Flagler persuaded theFlorida Legislatureto pass a law that made incurable insanity grounds for divorce, opening the way for Flagler to remarry. Judge Minor S. Jones of Florida's 7th Judicial Circuit presided over the divorce. Flagler was the only person to be divorced under the law before it was repealed in 1905.On August 24, 1901, Flagler married his third wife, Mary Lily Kenan, at her family's plantation,Liberty Hall, and the couple soon moved into their new Palm Beach estate, Whitehall, a 55-room beaux arts home designed by the New York-based firm ofCarrère and Hastings, which also had designed the New York Public Library and the Pan American Exposition.Built in 1902 as a wedding present to Mary Lily, Whitehall (now theFlagler Museum) was a 60,000-square-foot (5,600m²) winter retreat that established the Palm Beach "season" of about 8–12 weeks, for the wealthy of America'sGilded Age.
By 1905, Flagler decided that his Florida East Coast Railway should be extended from Biscayne Bay toKey West, a point 128 miles (206km) past the end of the Florida peninsula. At the time, Key West was Florida's most populous city, and it was also the United States' deep waterportclosest to thecanalthat theU.S. governmentproposed to build inPanama. Flagler wanted to take advantage of additional trade withCubaand Latin America as well as the increased trade with the west that thePanama Canalwould bring. In 1912, theFlorida Overseas Railroadwas completed to Key West. Over thirty years, Flagler had invested about $50 million in railroad, home, and hotel construction and gave to suffering farmers after the freeze in 1894. When asked by the president ofRollins CollegeinWinter Parkabout his philanthropic efforts, Flagler reportedly replied, "I believe this state is the easiest place for many men to gain a living. I do not believe any one else would develop it if I do not... but I do hope to live long enough to prove I am a good business man by getting a dividend on my investment."Death and heritageStatue of Henry Flagler that stands in front of Flagler College (Flaglers formerPonce de León Hotel) inSaint Augustine, Florida.
In 1913, Flagler fell down a flight of marble stairs at Whitehall. He never recovered from the fall and died in Palm Beach of his injuries on May 20 at 83 years of age.He was entombed in the Flagler family mausoleum atMemorial Presbyterian Churchin St. Augustine alongside his first wife, Mary Harkness; daughter, Jenny Louise; and granddaughter, Marjorie. Only his son Harry survived of the three children by his first marriage in 1853 to Mary Harkness. A large portion of his estate was designated for a "niece" who was said actually to be a child born out of wedlock.
When looking back at Flagler's life, after his death on May 20, 1913, George W. Perkins, ofJ.P. Morgan & Co., reflected, "But that any man could have the genius to see of what this wilderness of waterless sand and underbrush was capable and then have the nerve to build a railroad here, is more marvelous than similar development anywhere else in the world."
Miami's main east-west street, is namedFlagler Street, and is the main shopping street inDowntown Miami. There is also a monument to him onFlagler Monument IslandinBiscayne BayinMiami;Flagler CollegeandFlagler Hospitalare named after him in St. Augustine.Flagler County, Florida,Flagler Beach, FloridaandFlagler, Coloradoare also named for him. Whitehall, Palm Beach, is open to the public as theHenry Morrison Flagler Museum; his private railcar No. 91 is preserved inside a Beaux Arts pavilion built to look like a 19th Century railway palace.
On February 24, 2006, a statue of Henry Flagler was unveiled in Key West near where the Over-Sea Railroad once terminated. Also, on July 28, 2006, a statue of Henry Flagler was unveiled on the southeast steps of Miami's Dade County Courthouse, located on Miami'sFlagler Street.TheOverseas Railroad, also known as the Key West Extension of theFlorida East Coast Railway, was heavily damaged and partially destroyed in theLabor Day Hurricane of 1935. The Florida East Coast Railway was financially unable to rebuild the destroyed sections, so the roadbed and remaining bridges were sold to the State of Florida, which built theOverseas Highwayto Key West, using much of the remaining Original Vintage Stock Certificate - EXTREMELY RARE - please see my other listings as i will be selling many hundreds of wonderful stocks and bonds and Autograp