Receipt of Dividend payment signed for Sidney Dillon - 1892 dated Autograph -
$ 17.43
Description
Receipt of Dividend payment signed for Sidney Dillon - 1892 dated Autograph -. Not signed. Dillon was born in Northampton, Fulton County, New York. He took part in the "golden spike" ceremony of the Fi Item ordered may not be exact piece shown. All original and authentic. Receipt of Dividend payment on B&O stock in the name of Sidney Dillon. Not signed. Measures 5 1/4" x 2 1/2". Sidney Dillon (May 7, 1812 " June 9, 1892) was an American railroad executive and one the nation's premier railroad builders. Dillon was born in Northampton, Fulton County, New York. His father, Timothy, was a farmer. Sidney Dillon began his career in the industry working as a water boy on the Mohawk and Hudson Railroad, one of America's earliest railroads, for its construction from Albany to Schenectady, New York. In 1840, he went into business for himself, forming his own construction company, and obtaining the construction contract for the Boston and Albany Railroad. He was actively involved in the construction of numerous roads, his largest being the Union Pacific Railroad, with which he became actively involved in 1865 through an equity exchange with the Crdit Mobilier of America corporation. Crdit Mobilier of America was a company set up by the Union Pacific to defraud United States taxpayers in the construction of the First Transcontinental Railroad. The result was the Crdit Mobilier of America scandal, which exposed an over-invoicing and a stock and bond share-pricing scheme, whereby Union Pacific officers and directors, including Dillon, profited by manipulating the share price of Crdit Mobilier of America's stock shares and bonds, padding invoices to the U.S. Government, and bribing congressmen with shares in Crdit Mobilier of America, cash and other perks. As one of the principal contractors for the Union Pacific, Dillon's vast experience in the construction of railroads proved invaluable. He took part in the "golden spike" ceremony of the Fi Item ordered may not be exact piece shown. All original and authentic.
