ROCHESTER STEAMSHIP CO. Stock 1921. Grand Island, NY. J.J. Boland A.E. Cornelius

Description

Rochester Steamship Company. Stock issued May 12, 1921 at Buffalo, New York. Incorporated in 1907 in the State of New York. “Grand Island, New York”
printed beneath title. Embossed company seal lower center. Certificate
No. 214
was issued to Mrs. Martin S. Peterson for five shares of capital stock (0 per share). Company capital was
0,000
. Hand signed by company
president John J. Boland and secretary Adam E. Cornelius
. Certificate is about 9” x 11.5.” Black print with green overprint/underprint. Vignette with eagle on dome.
The Rochester Steamship Company was formed in 1907 by John J. Boland (president) and Adam E. Cornelius (secretary) to operate steamships on the Great Lakes, hauling mostly agricultural products and livestock. The steamers ran from Rochester, Grand Island, Buffalo, and Niagara Falls, New York.
John J. Boland (1875–1956) was one of the co-founders of the American Steamship Company Boland was the son of a Great Lakes schooner captain. At age 20, Boland formed a small shipbroking and shipping chartering business. In 1902, he hired Adam E. Cornelius (1882–1953) to do clerical work. In 1904, Boland invited Cornelius to enter into a partnership with his firm. In 1907, Boland and Cornelius launched a company which they named the American steamship Company. Their first vessel, the SS Yale was the first steel vessel owned by a Buffalo firm and earned large profits for the partners.
Boland and Cornelius ran the American Steamship Company successfully until the Great Depression, at which point they decided to convert the company's fleet to self-unloaders. This strategy paid off and the company still exists today. Boland's son, John J. Boland, Jr. was involved with the American Steamship Company, and took over as chairman after Boland Sr. died in 1956. Cornelius' son, Adam E. Cornelius, Jr. was involved with the American Steamship Company, and took over as chairman after Cornelius Sr. died in 1953. A number of vessels owned by the American Steamship Company have been named the Adam E. Cornelius in his honor.
Condition:  Very Fine+
, light folds, minor creasing, no tears, minor signs of wear/handling/toning (see photos),
uncancelled.
Printer:
Goes.
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