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Title Hudson & Manhattan R.R., Purchase & Syndicate Agreement; 5th Instalment Receipt; from Harvey Fisk & Sons for $2500; N.Y., Apr. 1, 1907.
Object Name Receipt
Catalog Number 2012.001.0133
Collection Hoboken Railroad Collection
Credit Museum Collections.
Scope & Content Hudson & Manhattan Railroad Company, Purchase and Syndicate Agreement; Fifth Instalment Receipt; from Harvey Fisk & Sons for $2500 received from S.W. Fordyce for subscription of $25,000 for bonds and stocks, New York, April 1, 1907; canceled (reverse has June 28, 1907 date for new receipt )
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Engraved and printed certificate, 7-1/16" high x 10-3/4" wide; holographic entries; inkstamp; punch holes.

No. D 116

Selected text is in notes.
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Not a stock certificate. Harvey Fisk and Sons managed stocks, bonds and other financial instruments for the H.& M. R.R. (The H & M was also known informally as the McAdoo Tunnels or Hudson Tubes; it is now the Port Authority Trans-Hudson railroad or PATH system.)
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Installment
Notes 2012.001.0133 Selected text

FIFTH INSTALMENT RECEIPT.

No. D 116

Hudson & Manhattan Railroad Company
Purchase and Syndicate Agreement

HARVEY FISK & SONS hereby acknowledge the receipt of
[ink] Twenty five hundred [printed] Dollars
in payment of the fifth instalment, being 10 per cent., and making, with the previous instalments, SIXTY-FIVE per cent, in all, upon a subscription for [ink] twenty five thousand [printed] Dollars of the bonds and 25 per cent, of that amount of the common stock mentioned in "Hudson & Manhattan Railroad Company Purchase and Syndicate Agreement," dated March 1st, 1906.

The holder hereof [ink] S.W. Fordyce
[printed] will be entitled to such bonds and stock on completing payment therefor, in accordance with and subject to the provisions of said agreement.

On payment of a further instalment upon said subscription this receipt, properly endorsed, must be exchanged for an appropriate new receipt.

The interest evidenced hereby is transferable only by surrender hereof, with proper endorsement, at the office of the undersigned, No. 62 Cedar Street, New York City, and issue of appropriate new receipt or receipts.

The issue of this receipt or of any receipt in lieu hereof shall not discharge or diminish any obligation of the original subscriber arising upon said subscription.

Dated New York, [ink] April 1 [printed] 1907.

[Note two inkstamps on front are smudged and illegible.]
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Reverse has printed text as below, but no entries except for: date [ink] 6/28 [printed] 1907; two signatures; inkstamp: New Receipt issued in same same.

For Value Received: _______________ hereby sell and transfer to
_________the interest and rights
evidenced by the within receipt and request the issue of new receipt accordingly.

Neither this assignment nor any transfer pursuant thereto discharges or diminishes any obligation of the original subscriber for the bonds and stock within mentioned under the agreement within mentioned but the transfered by accepting this assignment or the new receipt so to be issued, assumes and agrees to perform every such obligation of the undersigned, original or assumed.

People Fordyce, S.W.
Date 1907
Year Range from 1907
Year Range to 1907
Search Terms Hudson & Manhattan Railroad
Harvey Fisk & Sons
Caption front
Imagefile 164\20120010133.TIF
Classification Racism & Bias
Financial
Business & Commerce