Jay Cooke & Company Passport Cover
3.9" x 5.8" / Black
$28.99
Sale price
$28.99
Regular price
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GhostCorp Apparel - resurrecting iconic corporate ghosts.
Take the story of Jay Cooke & Company along on your journeys with this passport cover. Founded in Philadelphia in 1861, the bank connected government bond sales across the country through telegraph-based confirmations. Its business later shifted toward railroad finance, and its struggle to sell Northern Pacific bonds became part of the chain of events surrounding the Panic of 1873. A travel accessory with a distinctly American history angle, suited to collectors of banking, railroads, and the stories behind financial change.
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 Passport Cover
$28.99
Sale price
$28.99
Regular price
Take the story of Jay Cooke & Company along on your journeys with this passport cover. Founded in Philadelphia in 1861, the bank connected government bond sales across the country through telegraph-based confirmations. Its business later shifted toward railroad finance, and its struggle to sell Northern Pacific bonds became part of the chain of events surrounding the Panic of 1873. A travel accessory with a distinctly American history angle, suited to collectors of banking, railroads, and the stories behind financial change.
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.
| 3.9" x 5.8" | |
| Height, in | 5.79 |
| Width (Closed), in | 3.94 |
| Width (Open), in | 8.03 |
| Depth, in | 0.39 |
Product features
- Two card slots plus pockets for boarding passes or IDs
- Cruelty-free black PU faux leather exterior
- RFID-blocking lining to protect against skimming
- One-size fits most passports (3.9″ × 5.8″)
- Vibrant front-cover print with potential edge fading on darker solids
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