Jay Cooke & Company Car Coaster
2.6'' × 2.6" / 1pc
$10.99
Sale price
$10.99
Regular price
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GhostCorp Apparel - resurrecting iconic corporate ghosts.
Add a small tribute to financial history to your everyday drives. Jay Cooke & Company was founded in Philadelphia in 1861 and became known for using telegraph messages to coordinate bond sales across the country. Its later investment in Northern Pacific Railroad bonds helped set the stage for its suspension during the Panic of 1873. This car coaster recalls a distinctive chapter in American banking and rail expansion, making it a thoughtful collectible for history enthusiasts and company-history fans.
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 Car Coaster
$10.99
Sale price
$10.99
Regular price
Add a small tribute to financial history to your everyday drives. Jay Cooke & Company was founded in Philadelphia in 1861 and became known for using telegraph messages to coordinate bond sales across the country. Its later investment in Northern Pacific Railroad bonds helped set the stage for its suspension during the Panic of 1873. This car coaster recalls a distinctive chapter in American banking and rail expansion, making it a thoughtful collectible for history enthusiasts and company-history fans.
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.
| 2.6'' × 2.6" | |
| Width, in | 2.60 |
| Height, in | 2.60 |
| Thickness, in | 0.30 |
Product features
- Made from 100% soapstone — naturally absorbent
- Available in 1, 2, or 4-piece sets with the same print on each
- One-sided full-color print with a matte finish
- 2.6″ × 2.6″ size fits most vehicle drink holders; notch for easy removal
- Removable “Made in China” sticker on the bottom
Care instructions
- Gently wipe the dirt or dust off with a clean, dry microfiber 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: Gently wipe the dirt or dust off with a clean, dry microfiber cloth