Stock Certificate The Cuba Company 10 shares

Stock Certificate The Cuba Company 10 shares

Product Description

Stock Certificate for 10 Preferred shares of The Cuba Company, issued in 1921 in Jersey City, NJ.
A document over 80 years old in excellent state of conservation, no stains, no writings.
To read very interesting details of the Company intended operations in Cuba when founded in 1900, see article below published by the New York Times in 1900.

Published: April 26, 1900

Copyright � The New York Times BIG CUBA COMPANY FORMED American Capital to Develop the island's Railway System.

American capital has been enlisted in a scheme for the rehabilitation and development of the railway system of Cuba. A newly formed corporation The Cuba Company, is to undertake this work, and although its existence is due to the labors and enthusiasm of a Canadians Sir William C. Van Horne, William C. Whitney and other prominent members of the Whitney syndicate, Levi P. Merton, John W. Mackay of the Commercial Cable Company, James J. Hill, the Western railway magnate; Gen. Samuel Thomas, and other well known American financiers are to employ their brains and money in pushing the scheme.

The Cuba Company has been incorporated in New Jersey�the articles have just been filed at Trenton�with an $8,000,000 capitalization. There will be a meeting of the promoters this morning in Ax-Gov, Morton's office, and the organization of the company will be perfected. It is thought probable that Sir William C. Van Horne, who resigned some time ago the Presidency of the Canadian Pacific Railway Company, may be chosen-President of the Cuba Company. He has spent considerable time in Cuba, in a thorough investigation of the resources and prospects of the Island, its people, and its railroads, and has been chiefly instrumental in inducing the investment of American capital in this enterprise. His own railway experience will, of course, be useful to the new company.

Besides the men already mentioned as subscribers the list includes: H. M. Flagler, the Standard Oil magnate; Edward H. Yarriman of the syndicate now in charge of the affairs of the Union Pacific Rail- road; Thomas F. Ryan, P. A. B. Widener, and W. L. Elkins of the Whitney syndicate, E. J. Berwind, Gen. Grenville M. Dodge, I. Waiters, George G. Haven, H. M. Whitney, G. B. Hopkins, Winiarn Lanman Bull, and Charles P. Barney. Most of the subscribers are unacquainted with all but the general scheme of the company, simply made their investments relying on the strength of the men at its head. W. C. Whitney, ex-Gov. Morton, and Gen. Samuel Thomas, who is one of the Canadian Pacific Directors, and who is now on his way to this country fron Europe, are the Americans most prominent in the matter.

The Cuba Company may devote itself in some measure to developing the natural resources of the Island of Cuba, but will chiefly attend to developing the Cuban steam railroads. How far it will build new lines and how far it will control the present lines (which now represent English capital largely) could not be found last night. American methods will be substituted, it is understood, for the unprogressive railroad management with which Cuba is now afflicted.

There are at present some eight railroads in Cuba. Their roadbeds are defective, their coaches are primitive, and the mileage rate charged is remarkably high. To go across the island from Havana on the north coast to Cienfuegos on the south, by the indirect route 190 miles long, cost $14.90 if we travel first class �almost 8 cents a mile- and all baggage that the passengers cannot easily carry by hand is charged for extra. One man paid about $10 extra to have three trunks taken over the route when he made the trip. The third-class coaches resemble American cattle cars. To go from one end of Cuba to the other it is absolutely necessary to use a vessel or travel on horseback. The entire province of Santiago, on the eastern end is practically destitute of railroad facilities, although it is the rich mining district of the island, and it is necessary to build 350 miles of road to connect the City of Santiago with the system which touches Havana.

Published: April 26, 1900 Copyright � The New York Times


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Code: D-CUBA-CO-10