Jay Cooke and Company (-1873) | Archives and Special Collections, Kathryn A. Martin Library, University of Minnesota Duluth
Name: Jay Cooke and Company (-1873)
Variant Name: Jay Cooke and Co.
Fuller Form: Jay Cooke and Company, Philadelphia, Pennsylvania
Historical Note: Jay Cooke and Company was a banking house designed to deal in bank notes, bills of exchange, stocks, commercial paper and deposits. It was formed in 1861 by financier Jay Cooke and William Moorehead. Cooke, responsible for revolutionizing the methods of marketing investments in the United States during the Civil War, visited Duluth, Minnesota in 1868. Cooke was important to the Duluth area primarily through his land and railroad properties; he owned the Lake Superior and Mississippi Railroad Company. Jay Cooke and Company went bankrupt in 1873.
Note Author: B. Bruemmer