 | | | St. Louis Bridge Company 1890's - Eads Bridge Vignette | Beautifully engraved certificate from the St. Louis Bridge Company issued
in the 1890's. This historic document has an
ornate border around it with a vignette of the Eads Bridge. This item is hand signed by the Company’s President and Secretary and is
over 102 years old. Minor ledger stain on left margin, but overall Fine Condition.
Certificate Vignette of Eads Bridge
Eads Bridge The St. Louis bridge, a massive structure, was completed in 1874 at a cost of over $10,000,000. It consists of three spans, the center one being 520 feet long, and the other two 500 feet each. The piers upon which these spans rest are built of limestone carried down to bed rock. The main passage for the accommodation of pedestrians is 54 feet wide, and below this are two lines of rails. The merchant's bridge, 3 miles N., was completed in 1890 at a cost of $3,000,000. The latter is used exclusively for railroad traffic.
In 1874, Merchants’ Exchange members formed a bridge company and financed the construction of the Eads Bridge, the first bridge to span the Mississippi and an engineering marvel in its time. Leaders of the Merchants’ Exchange believed that the bridge was a sure-fire means for St. Louis to establish preeminence over Chicago for economic hegemony in the Midwest. In 1865 Andrew Carnegie left the Pennsylvania Railroad Company. Still a bachelor, he moved with his mother to a fashionable hotel in New York and began managing the affairs of the Keystone Bridge Company. It was in running Keystone that he crossed paths with James Eads. When Carnegie first heard of Eads' plans to build a bridge over the Mississippi River at St. Louis, he wanted Keystone to win the construction contract. Building the spectacular bridge would have tremendous promotional value for Keystone, helping the company win other large contracts. Keystone would also be in a position to make a tidy profit selling the bonds that would pay for construction. The relationship between Carnegie and Eads wasn't easy. After many increasingly antagonistic encounters between Eads and Keystone, Carnegie wrote: "Of all men, your man of real, decided genius is the most difficult to deal with practically." His chief complaint was Eads' demand for steel of unprecedented quality. "The St. Louis Bridge is one out of a hundred to Keystone while to Captain Eads it is the grand work of a distinguished life. With all the pride of a Mother for her first born, he would bedeck the darling without much regard to his own or others' cost." During the seven years of construction, there were times when Carnegie doubted it would ever be completed. In 1871, six months after the bridge was supposed to be finished, but before construction on the superstructure had even really gotten underway, Carnegie sold his stock in the St. Louis Bridge. "I am disgusted with the affair, throughout, & may have sold at panic prices…" he wrote. Eads didn't like Carnegie much either. He was convinced that Carnegie, as a major stockholder in the St. Louis Bridge Company, and as the chief spokesman for both Keystone and the subcontractor that supplied the iron for the bridge, was trying to milk the deal for all he could. But despite the difficulties between the two sides, and the many delays and cost overruns, Carnegie marveled at the bridge when it was finally completed. In December 1873, he wrote to a financier in Europe that "the entire work -- bridge, tunnel & approaches, are magnificent." The Eads bridge was Carnegie's first involvement in a major structural steel project. The rest of his career would revolve around producing the metal. In 1875 Carnegie opened the J. Edgar Thomson Steel Works in Braddock, Pennsylvania, using the Bessemer steel-making process he had first seen at work during trips to England. Efficiency became Carnegie's motto. He introduced every cost-cutting innovation available. By 1900 his plants were producing more steel than the whole of Great Britain.
Scripophily.com Press Releases
See Stock Certificate Expert Bob Kerstein, CEO
Scripophily.com
discuss Stock Certificates in
Bloomberg ,
the
Associated Press
,
CNBC with
Jane Wells discussing the Facebook IPO,
Inside Edition and the
Today Show
Subscribe to our New Free RSS New Products Feed in a Reader
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.
This includes 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. |
|

Scripophily has
been
fully tested by
Norton Safe Web
|
Note:
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, 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,
Marvyn
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.
|
|

American Institute of
Certified Public Accountants

Virginia Society CPA's
Bob Kerstein, Member |

 |
|

American Numismatic Association
Securities and Exchange
Commission Historical Society
Society of Paper Money Collectors
Member |

Better Business
Bureau Member Rated A+ |
|
| |  |