Gouverneur Morris of Morrisania – New York & Harlem Railroad. Description: k300 New York 1849 Gouverneur Morris of Morrisania (Son of Gouverneur Morris who was most certainly one of the most accomplished political figures in early American history). Signed transfer of the NY and Harlem Rail-Road Co dated 1849. Attractive red on light blue paper. Important and worthy of further research! This was America’s first large-scale stock fraud, and its discovery burst like a bombshell over the Eastern establishment. Schuyler had been president of five railroads, helped develop several more, and was known as America’s first railroad king. Moreover, his family was exceedingly well connected at the very highest levels of New York society. The fraud had important repercussions: for the company, years of legal battles and a loss of 1.8 million; for Wall Street, legal and procedual changes to prevent reoccurrence of this type of fraud’ and for New York’s upper crust, a sense of shame and disapproval so strong it caused the very name of Robert Schuyler to be all but written out of the historical record. The item “Gouverneur Morris of Morrisania New York & Harlem Railroad” is in sale since Sunday, July 07, 2013. This item is in the category “Coins & Paper Money\Stocks & Bonds, Scripophily\Transportation\Railroads”. The seller is “oldmoney4u” and is located in Palm Coast, Florida. This item can be shipped worldwide.