Beautifully engraved certificate from the Tennessee Coal, Iron and Railroad Company
in 1901. This historic document was printed by the American Banknote Company and has an
ornate border around it with a vignette of a train and men working in a mine. This item is hand signed by the Company’s President and Secretary and is
over 104 years old. The certificate is issued to Julius S. Bache & Co. and endorsed by the company on the verso.
Jules Semon Bache 1861–1944, American banker and art collector, b. New York City. He made an immense fortune on Wall St., organized the banking firm of J. S. Bache and Company, and was director of 12 other firms. In 1937 he opened his magnificent art collection to the public, and in 1944 the collection was given permanently to the Metropolitan Mus. It includes famous works by Raphael, Titian, Rembrandt, Velázquez, and other masters.
Prudential Securities traces its roots back to 1879 and a concern called Leopold Cahn & Co. Brokers and Investment Bankers. Shortly after its establishment, the firm brought Jules Bache on board, who in 1892 reorganized the company as J.S. Bache & Co. In 1981, the company (then called Bache Halsey Stuart Shields) was acquired by Prudential and called Prudential-Bache Securities. The firm shortened its name to Prudential Securities in 1991.
Tennessee Coal, Iron and Railroad Company History
Beginning in the 1870's, blast furnace complexes spread throughout north Alabama, supplied with raw materials from nearby iron ore and coal mines. 1881 The Tennessee Coal and Railroad Co. was renamed to the Tennessee Coal, Iron and Railroad Co. in 1881. The Tennessee Coal, Iron, and Railroad Company was one of the largest industrial firms in the Birmingham area. Ultimately, the company was acquired by U.S. Steel in a merger in 1907 which was approved by Teddy Roosevelt when he was duped during the panic of 1907 by J. P. Morgan.
Below is a list of the Original Dow Industrials companies from 1896:
American Cotton Oil
Distilling & Cattle Feeding
North American CompanyTennessee Coal, Iron and Railroad Company
U.S. Leather pfd.