Jay Cooke & Company Embroidered Dad Cap Hat
One size / Black
$29.99
Sale price
$29.99
Regular price
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GhostCorp Apparel - resurrecting iconic corporate ghosts.
Pair a relaxed everyday cap with the story of a firm at the center of nineteenth-century finance. Jay Cooke and William E. C. Moorhead founded their Philadelphia bank in 1861, and its agents and telegraph confirmations helped coordinate Union bond sales across the country. The firm later became exclusive bond agent for Northern Pacific Railroad, taking on risks that contributed to its 1873 collapse. A thoughtful pick for collectors of banking history, railroad expansion, and American company stories.
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 Embroidered Dad Cap Hat
$29.99
Sale price
$29.99
Regular price
Pair a relaxed everyday cap with the story of a firm at the center of nineteenth-century finance. Jay Cooke and William E. C. Moorhead founded their Philadelphia bank in 1861, and its agents and telegraph confirmations helped coordinate Union bond sales across the country. The firm later became exclusive bond agent for Northern Pacific Railroad, taking on risks that contributed to its 1873 collapse. A thoughtful pick for collectors of banking history, railroad expansion, and American company stories.
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.
Product features
- Unstructured 6-panel body for a relaxed, low-profile fit
- Permacurv® precurved visor with 4-row stitching and color-matched underbill
- Self-fabric hideaway strap with antique brass buckle and grommet for adjustable fit
- 100% cotton construction (Green Camo variant 65% polyester / 35% cotton)
- Sewn-in label and brand sticker on visor; adult sizing (not for ages 0–3)
Care instructions
- Use warm water and dish soap and clean spots off your hat. It's not necessary to soak the whole item. For hard to clean spots use a soft bristled brush.
EU representative: HONSON VENTURES LIMITED, gpsr@honsonventures.com, 3, Gnaftis House flat 102, Limassol, Mesa Geitonia, 4003, CY
Product information: Yupoong 6245CM, 2 year warranty in EU and Northern Ireland as per Directive 1999/44/EC
Warnings, Hazard: For adults. For adults. Not for use by ages 0-3, Blank product sourced from China
Care instructions: Use warm water and dish soap and clean spots off your hat. It's not necessary to soak the whole item. For hard to clean spots use a soft bristled brush.