Promissory Note, February 2, 1815 - William and Abraham Nelles and Nathanial Pettit Estate

A promise by Abraham and William Nelles to pay 50 pounds with interest, New York Currency, to John Pettit and Jonathan Woolverton, executors of the late Nathanial Pettit estate, six years after the date. Witness Will Crooks.

Promissory Note, February 2, 1816 - William and Abraham Nelles and Nathanial Pettit Estate

A promise by Abraham and William Nelles to pay 36 pounds with interest, New York Currency, to John Pettit and Jonathan Woolverton, executors of the late Nathanial Pettit estate, seven years after the date. Witness Will Crooks.

The Relationship Between Youth Risk-Taking Behaviour and Activity Engagement

Youth have been found to engage in various risk-taking behaviours at higher rates than any other age group. However, there is a lack of research on the division between adaptive and maladaptive risk behaviours among adolescents and emerging adults. Adaptive risk-taking behaviours may present youth with ways to successfully partake in the risk behaviours that they are naturally inclined to engage in. The relationship between activity engagement and positive youth development has been extensively studied and cited as a way to expose youth to positive experiences and promote successful development. However, the relationship between activity engagement and risk behaviours among youth has yetto be studied in depth. This study investigated the potential relationship between various adaptive and maladaptive risk behaviours and activity engagement among youth, through an indirect link through five mediator variables. These potential mediators represented the three systems in Jessor's Problem Behaviour Theory. Participants included 276 youth (M = 19.06 years, SD = 1.60, 89.1 % female) from Brock University. Results revealed that activity engagement significantly predicted greater adaptive social risk behaviours among youth. However, there was no mediating effect through the problem behaviour systems. Correlations revealed that being male was associated with more maladaptive risk behaviours and fewer adaptive risk behaviours than females. Additionally, behavioural engagement specifically related to less maladaptive physical health risks and psychological engagement related to greater adaptive social risks. Overall, these findings suggest that activity engagement may be differentially related to the various types of risk-taking and gender associations may exist between the various types and dimensions of risk behaviours, but future work is needed to understand the variables that may explain such relationships.

Managerial Risk-Taking and CEO Excess Compensation

This paper examines risk taking and CEO excess compensation problems in U.S firms to determine their impact on shareholders wealth. Literature suggests a positive effect of CEO incentive risk and strong corporate governance on CEO risk taking. Furthermore, the strong governance mitigates excess compensation problem. Controlling for governance quality and incentive risk, I provide empirical evidence of a significant association between risk taking and CEO excess compensation. When I also control for pay-performance sensitivity (delta) and feedback effects of incentive compensation on CEO risk taking, I find that higher use of incentive pay encourages risk taking, and due to a high exposure to risk CEOs draws excess compensation. Furthermore, I find that the excess compensation problem is more serious with CEOs taking high risk than with those taking low risk. Finally, I find that CEO risk taking also has structural impacts on CEO compensation

Niagara Suspension Bridge Bank note, 1841

The Niagara Suspension Bridge Bank operated in Queenston in 1840. The bank issued notes in denominations of ten dollars, five dollars and one dollar, and featured a drawing of the Queenston-Lewiston Bridge, ten years prior to its construction. The notes are signed by the bank’s Cashier, Gilbert McMicken, and President, Joseph Hamilton. The bank failed a year after its establishment.

Corporate Social Responsibility, Corporate Governance, And Managerial Risk-Taking

This dissertation investigates the association between corporate social responsibility (CSR) and managerial risk-taking, as well as the differences in governance structure that affect this association. Using a sample of US public firms from 1995 to 2009, we find that firms with strong CSR records engage in higher risk-taking. Furthermore, we find that this relationship is robust when accounting for differences in governance structure and correcting for endogeneity via simultaneous equations modeling. Additional testing indicates that performance in the employee relations dimension of CSR in particular increases with risk-taking, while high firm visibility dampens the association between CSR and the accounting-based measures of risk-taking. Prior literature establishes that high managerial risk-tolerance is necessary for the undertaking of risky yet value-enhancing investment decisions. Thus, the main findings suggest that CSR, rather than being a waste of scarce corporate resources, is instead an important aspect of shareholder value creation. They contribute to the debate on CSR by documenting that corporate risk-taking is one mechanism among others through which CSR maps into higher firm value.

Effects of credit rating change on risk-taking

This thesis investigates whether there are changes in risk-taking behavior following an upgrade or downgrade in credit ratings. Research on effects of rating changes on capital markets is well-documented but the literature on how rating changes may affect firm behavior is sparse. Following, a downgrade in credit rating, managers may increase risk-taking to improve their overall performance or reduce risk-taking following upgrades to ensure that their performance is assessed more on the basis of what they may deem success in the form of an upgrade. Using a sample of firms trading in the U.S from 1994-2013, we find evidence of change in risk-taking behavior. We use cross-sectional regressions and matching using propensity scores and Barber and Lyon (1997) methodology to measure changes in risk-taking and we do find evidence of changes in managerial risk-taking behavior. Furthermore, we find that the direction of change (increase or decrease) in some cases is dependent on the type of measure rather than the type of rating change.

Handwritten Note about Ezekiel Woodruff

Handwritten note (1 page, single sided) stating that Ezekiel Woodruff was born in Littlefield Ct. July 29, 1763. He married Sally Hall who was born in Middleton, Ct on May 21 [the date is listed as the 23 in the Woodruff Genealogy book], 1765. She was the daughter of Capt. Giles and A. Hall. Ezekiel Woodruff died in Niagara Falls, New York on January 7, 1836 [the 6 is crossed out and a 7 penciled in]. Sally Woodruff died in Niagara Falls, New York on Nov. 26, 1835, n.d.

Note in Samuel Woodruff’s handwriting thanking the company for their offer

Note (1/2 page, handwritten) in Samuel Woodruff’s handwriting thanking the company for their offer. [This seems to be a rough note, with no salutation and no signature], n.d.

Note by Samuel Woodruff regarding the Cunningham, Mater and Jones accounts

Note (1 page, handwritten) by Samuel Woodruff regarding the Cunningham, Mater and Jones accounts, n.d.

Note that John Brown has done grading in the section between Geneva Street and Slabtown [known as Merritton prior to amalgamation with St. Catharines in 1961]

Note that John Brown has done grading in the section between Geneva Street and Slabtown [known as Merritton prior to amalgamation with St. Catharines in 1961]. This document is badly stained and faded. It is signed by S.D. Woodruff, 1855.

Note that John Brown has graveled in the section between Geneva Street and Slabtown

Note that John Brown has graveled in the section between Geneva Street and Slabtown. This is signed by S.D. Woodruff, Oct. 18, 1855.

Note stating that John Brown has done grading in the section of railway between Geneva Street and Slabtown

Note stating that John Brown has done grading in the section of railway between Geneva Street and Slabtown. This document is signed by S.D. Woodruff, Dec. 12, 1855.

Note from the Port Dalhousie and Thorold Railway to Mrs. E. Parnell with prices for digging a well, moving a hog pen and repairing a fence

Note from the Port Dalhousie and Thorold Railway to Mrs. E. Parnell with prices for digging a well, moving a hog pen and repairing a fence, n.d.

Note to S.D. Woodruff regarding the plan of operation

Note to S.D. Woodruff regarding the plan of operation. First, “draw up a report showing the cost of work”. This note is unsigned, n.d.