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History, Finance, J.P. Morgan Signed Railroad Bond, Framed Antique Engraving, 1886


New Jersey Junction Railroad Co. Stock Certificate
Framed with a Portrait of J.P. Morgan
American: 1886
Engraved bond certificate, signed in sepia ink: “J. Pierpont Morgan” and “H.C. Fahnestock” and numbered “2164”
12.5 x 8 inches, certificate sight size
19.5 x 20.75, framed overall

Autographed $1,000 bond certificate of the New Jersey Junction Railroad Company, for which the financier John Pierpont (J.P.) Morgan was a trustee, framed for presentation with a facsimile of the iconic photographic portrait of Morgan originally taken by Edward J. Steichen in 1903. On the top line for trustees’ signatures, Morgan signed the bond “J. Pierpont Morgan.” Below his signature is that of fellow trustee Harris Charles (H.C.) Fahnestock. The certificate is embossed with the circular stamps of the New Jersey Junction Railroad Company and the New York Central Hudson River Railroad Company, to which the NJJ was leased. The back of the frame has a window cut to show the redeemable coupons on the back of the bond through 1906 (see detail image).

Product description continues below.


The certificate is a 100-year First Mortgage Bond, paying 4 percent and maturing in 1986, guaranteed by the New York Central Hudson River Railroad Company. The rail line ran along the Hudson River in Hudson County, New Jersey, from Weekhawken to Jersey City. A vignette illustration shows a peaceful scene of a ferry and sailboat in a harbor on the Hudson River within an elaborate decorative border.

Edward J. Steichen (1879-1973) was a prominent American photographer, painter, and curator, influential in the development of photography as an art form during the 20th century as both artist and curator. The dramatic photograph of Morgan, which he took when he was establishing his career at the age of 24, helped make his reputation as an insightful portraitist. He served as Director of the Department of Photography at the Museum of Modern Art, mounting the hugely popular exhibition The Family of Man, which was also published as a book.

The New Jersey Junction Railroad merged with the New Jersey Shore Line Railroad in 1914. In 1952, the New York Central Railroad officially absorbed it.

Condition: Stock certificate generally fine overall, with only minor toning, handling, wear. Frame very good with some light handling and wear.


Daniel, Malcolm. “Edward J. Steichen (1879-1973): The Photo-Secession Years.” Metropolitan Museum of Art. November 2010. (1 June 2018).

“New Jersey Junction Railroad.” Wikipedia. 21 May 2018. (1 June 2018).

Additional information


20th Century