Jay Cooke & Company Can Cooler
Regular Can
$9.99
Sale price
$9.99
Regular price
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GhostCorp Apparel - resurrecting iconic corporate ghosts.
Bring a memorable banking story to your next gathering with this Jay Cooke & Company can cooler. The Philadelphia firm rose to prominence by selling Union government bonds and coordinating transactions nationwide through telegraph messages. Its later exposure to Northern Pacific Railroad bonds ended in suspension during the financial crisis of 1873. That striking arc from wartime finance to railroad risk makes this piece a conversation starter for collectors and anyone drawn to the history of American business.
Jay Cooke founded Jay Cooke & Company in 1861 with William E. C. Moorhead, with ownership divided two-thirds to Cooke and one-third to Moorhead. Headquartered in Philadelphia, the bank also had branches in New York City and Washington, D.C. During the Civil War, it sold hundreds of millions of dollars in Union government bonds, including the Treasury’s 5–20 bond issue, using agents across the country. Its telegraph-based confirmations helped coordinate securities sales from Philadelphia, earning it a reputation as the first “wire” brokerage house. After the war, the firm continued selling U.S. treasuries, then turned to railroad investment. In 1870, the Northern Pacific Railroad appointed it exclusive bond agent. Difficulty selling those bonds left Cooke’s firm heavily exposed: it came to own 75 percent of the railroad and could not meet obligations tied to expected bond proceeds. Withdrawals followed, operations were suspended, and bankruptcy began soon after the 1873 collapse. The failure helped trigger the Panic of 1873 and a wider chain of bank runs and failures. The supplied article describes no merger or successor company.
Jay Cooke & Company Can Cooler
$9.99
Sale price
$9.99
Regular price
Bring a memorable banking story to your next gathering with this Jay Cooke & Company can cooler. The Philadelphia firm rose to prominence by selling Union government bonds and coordinating transactions nationwide through telegraph messages. Its later exposure to Northern Pacific Railroad bonds ended in suspension during the financial crisis of 1873. That striking arc from wartime finance to railroad risk makes this piece a conversation starter for collectors and anyone drawn to the history of American business.
Jay Cooke founded Jay Cooke & Company in 1861 with William E. C. Moorhead, with ownership divided two-thirds to Cooke and one-third to Moorhead. Headquartered in Philadelphia, the bank also had branches in New York City and Washington, D.C. During the Civil War, it sold hundreds of millions of dollars in Union government bonds, including the Treasury’s 5–20 bond issue, using agents across the country. Its telegraph-based confirmations helped coordinate securities sales from Philadelphia, earning it a reputation as the first “wire” brokerage house. After the war, the firm continued selling U.S. treasuries, then turned to railroad investment. In 1870, the Northern Pacific Railroad appointed it exclusive bond agent. Difficulty selling those bonds left Cooke’s firm heavily exposed: it came to own 75 percent of the railroad and could not meet obligations tied to expected bond proceeds. Withdrawals followed, operations were suspended, and bankruptcy began soon after the 1873 collapse. The failure helped trigger the Panic of 1873 and a wider chain of bank runs and failures. The supplied article describes no merger or successor company.
| Regular Can | Slim Can | |
| Height, in | 4.30 | 6.00 |
| Diameter, in | 3.50 | 3.50 |
Product features
- Durable 100% polyester exterior with edge-to-edge vibrant print
- Soft 100% foam liner for firm grip and insulation
- Lightweight and slim — fits regular and slim cans
- Outside white polyester with black foam interior for contrast
- Available sizes: Regular (3.5" x 4.3") and Slim (3.5" x 6'")
Care instructions
- Wipe with a damp cloth, air dry or use a soft, non-abrasive cloth
EU representative: HONSON VENTURES LIMITED, gpsr@honsonventures.com, 3, Gnaftis House flat 102, Limassol, Mesa Geitonia, 4003, CY
Product information: Generic brand, 2 year warranty in EU and Northern Ireland as per Directive 1999/44/EC
Care instructions: Wipe with a damp cloth, air dry or use a soft, non-abrasive cloth