Rutland and Washington Railroad Co $1,000 Bond signed by Erastus Corning - Autog For Sale

$1,000 7% Bond signed on back by ErastusCorning. Great train vignette and more than 5 rows of coupons remain. Erastus Corning (1794-1872), prominent in railroad development in the state of New York. He became the first President of the New York Central in 1853. He was four times elected Mayor of Albany and twice as a Democratic Representative in Congress. There is a story that when Lincoln was in New York in 1860 delivering a political address at Cooper Institute, he was offered by Corning the position of general counsel of the New York Central at an annual salary of $10,000. He obviously declined. Erastus Corning (December 14, 1794 " April 9, 1872) was an American businessman and politician from Albany, New York. A Democrat, he was most notable for his service as mayor of Albany from 1834 to 1837, in the New York State Senate (1842"1845), and in the United States House of Representatives (1857"1859, 1861"1863). A native of Norwich, Connecticut, Corning moved to Troy, New York when he was 13 so he could be trained for a career as a merchant. He worked as a clerk in his uncle's hardware store for six years, then moved to Albany, New York to work for the retail business owned by James Spencer. Corning eventually became the senior partner in the enterprise, which he combined with businesses he inherited from his uncle to create Erastus Corning & Co. The Corning company sold ironware, including tools and farm implements, nails, stoves, parts for railroad cars, and rails for railroads. John V. L. Pruyn married Corning's niece Harriet, and Pruyn and Corning became partners in a variety of business ventures and investments. Under Corning's leadership, several local and regional railways were combined in the early 1850s to form the New York Central Railroad, and Corning served as its first president. Corning was involved Item ordered may not be exact piece shown. All original and authentic.