Kentucky Mineral and Timber Co. $1,000 Uncanceled Gold Bond signed by Brayton Iv For Sale

$1,000 5% Gold First Mortgage Bond printed by Dennison & Brown Lith., N.Y. Thomas Fortune Ryan and Brayton Ives both sign. Thomas Fortune Ryan (1851-1928) was born near Lovingston, Virginia. Ryans father was a tailor and manager of a small hotel. His mother died when he was 5. His father remarried and moved to Tennessee two years later. Ryan was reared by his mothers extended family in Lovingston, who were Protestants. In 1868, seeking his fortune outside the post-Civil War South, 17-year-old Ryan moved to Baltimore to seek his fortune. En route to Maryland, Ryan converted to Catholicism after long discussions with a fellow passenger on the train. In Baltimore, John S. Barry, a prosperous dry goods merchant, hired him. By 1872, Barry helped Ryan secure a brokerage assistant position on Wall Street. Ryan opened a brokerage firm, Lee, Ryan & Warren, with two partners the following year. In 1873 he married Barrys daughter, Ida Mary Barry, whose family were devout Catholics. With her he had three children. In 1874, his firm purchased Ryan a seat on the New York Stock Exchange, making him the youngest member in Exchange history. At the same time, Ryan became active in politics, especially the Tammany Hall machine that controlled much of the city\'s operations, which gave him political and industrial contacts across the city. Ryan\'s fortune began in public transit. In 1883, he founded the New York Cable Railroad and offer on the proposed route from lower Manhattan to Midtown. After numerous legal and financial problems, in 1886 Ryan re-organized his cable railroad as the Metropolitan Traction Company. Metropolitan continually acquired additional lines so that by 1900 Ryan controlled most of New Yorks streetcar operations. Ryans most profitable investment was tobacco. Having invested in tobacco stocks throughout the 1890s, Ryan joined his assets forming The Union Tobacco Company. Shortly thereafter, Ryan merged his company with that of his greatest competitor, James Duke of North Carolina, forming the American Tobacco Company. Together Ryan and Duke developed the British-American Tobacco Company to protect American tobacco trade in Europe. In 1905 Ryan purchased the Equitable Life Assurance Society, a major company in the insurance industry with $400 million in assets. Although Ryan strove to make Equitable more responsive to its policy holders, public reaction to his purchase of the company was overwhelmingly negative. His reputation for cutthroat business dealings in the streetcar and subway businesses made the public distrustful and, in 1909, he sold his Equitable stock. Also in 1905, Ryan\'s Metropolitan street car system was threatened by a major competitive development, New Yorks increasingly Item ordered may not be exact piece shown. All original and authentic.