| || |
| || || |
Historic "Boss" Tweed Scandal Gang New York City signed check - 1870
Beautifully engraved check from the County Treasurer of New York - National Broadway Bank
in no later than 1870. This historic document has an
ornate border around it with a vignette of an old sailor, an indian, a ship and an eagle. The check is signed by the New York City Mayor A. Oakey Hall, City Comptroller Richard B. Connolly
, and the Clerk J.P. Touny.
After the Civil War, the warring factions of the local Democratic Party became united behind the leadership of a pro-union Tammany Hall leader named William M. ("Boss") Tweed. Boss Tweed had the legislature authorize a City charter which gave the City government more autonomy and home rule. Understanding the value of public works, he actively sought rapid expansion of the City's physical infrastructure, extending streets and sewers to most of Manhattan on the East and West sides of Central Park and the sleepy, farming village of Harlem to the North. This combination of events led to the Tweed Ring.
The ring consisted of Tweed and his henchmen—Peter Sweeny, City Chamberlain; Richard B. Connolly, City Comptroller; and A. Oakey Hall, the Mayor who controlled the city without interference
. They defrauded the city and openly bought votes, encouraged judicial corruption, and controlled New York City politics; estimates of the amount of money the city lost to the ring range from $30 million to $200 million.
City judges became notoriously corrupt. Attempts within Tammany to oust the Tweed Ring failed, and in 1870 Tweed forced through the state legislature a charter that greatly increased the powers of the ring. Tweed maintained personal popularity because of his openhandedness and charity to the poor.
The immediate cause of Tweed's downfall was the publication in the New York Times of evidence of wholesale graft revealed by M. J. O'Rourke, a new county bookkeeper and the effective cartoons of Thomas Nast that aroused public indignation.
A committee of 70, organized to fight Tammany, elected most of its candidates in 1871, although Tweed himself was returned to the state senate. Largely through the efforts of Samuel J. Tilden, Tweed was tried for felony, but the jury could not reach a verdict. In a second trial he was convicted and given a 12-year prison sentence; this, however, was reduced by a higher court, and he served one year. Arrested once more on other charges, he escaped and went to Cuba and then to Spain, but was extradited (1876) to the United States. He died in prison two years later.
Scripophily.com and Old Company Research Press Releases
See Stock Certificate Expert Bob Kerstein, CEO
Subscribe to our New Free RSS New Products Feed in a Reader
discuss Stock Certificates in
Jane Wells discussing the Facebook IPO,
Inside Edition and the
Subscribe to Our New Product Additions Feed by Email
|WASHINGTON, DC -
Scripophily.com / Old Company Stock and Bond Research Service
owns and operates the
Old Stock & Bond Research
Archives from Herzog & Co., Inc (formally R.M. Smythe research) which was acquired in 2011 from John Herzog,
founder of the Museum of American Finance and past
Chairman at R. M. Smythe & Co.
included all archives, publishing rights and copyrights on
obsolete research reference material published by the Marvyn
Scudders Manuals, the Robert D. Fisher Manuals, and the Herzog &
Co., Inc. obsolete research services. The old stock research
services have been performed continuously since 1880.
Scripophily.com / Old
Company Research Service was founded by Internet Pioneer, Bob Kerstein,
CPA who is a member of the American Institute of
Certified Public Accountants, Chartered Global Management Accountants, California Society of Certified Public Accountants, and the Virginia Society of Certified Public Accountants. We have been collecting and selling old stock and bond certificates
since 1990. Scripophily.com started operating on the Internet in January
1996 with the goal to promote the history of old companies and help educate everyone about the wonderful hobby of collecting stock
and bond certificates called Scripophily.
We will always maintain our founding commitment to customer satisfaction and the delivery of an educational product with an enjoyable shopping experience. Please
let us know how we may be of service to you.
fully tested by
Norton Safe Web
All Old Stock and Bond
Certificates are actual authentic certificates and are sold only as collectibles.
We do not sell reproductions and offer a lifetime guarantee to the
authenticity of everything we sell.
All Rights Reserved. © 1996 - 2013 Scripophily.com ©, Scripophily .net (tm), Wall Street History - Lost and Found (sm), Bob.com ©, ConfederateBonds.com, CSABonds.com, SavingsBonds.pro (United States Savings Bonds), StockLedger.com, Old Company Research (tm), Occupy Wall Space (tm), Stock Research Professional, Business Hall of Fame (tm), Old Stock Certificate Research, Old Stock Exchange ©, Gift of History (sm), Liberty Loans, Liberty Bonds, LibertyBonds.com,
Scudders Manuals, Robert D. Fisher Manuals,
Scripophily Exchange (tm), EBITDA.com., PSTA - Professional Scripophily
Traders Association, Stock Research Service, OldCompany.com, StockCalendar.com, PSTA.COM, Bob Kerstein, CPA, CGMA - The Old Stock Detective © and Encyberpedia ©. You may link to the site, but
please do not copy any images or information without our expressed written permission.
If you are publishing a book for educational purposes or with the press, please
contact us directly at 703-787-3552 for use of our content.