Louisville, Cincinnati & Charleston Railroad Co. £500 Loan Certificate

A pre-Civil War railroad bond, 1p partially printed, measuring 13” x 8.5”, Charleston, dated July 1, 1838. A £500 five percent Loan issued by the state of South Carolina, promising to pay to the bearer of the certificate on behalf of The Louisville, Cincinnati & Charleston Railroad five hundred pounds sterling on January 1, 1866. The interest on the loan was to be paid semi-annually on January and July 1st at the Agency of the Bank of the United States, London. Signed by company President Robert Y. Hayne and Secretary/Treasurer E. H. Edwards. With seven retained tickets, each £12.10s. The certificate has also been signed on verso by Comptroller William Edward Hayne. The loan has multiple cancellation punches through the tickets and signatures. With flattened folds, uneven edges, toning and minor soiling throughout. Some ink bleed through. Overall very good.

The Louisville, Cincinnati and Charleston Railroad, chartered in 1836, was an antebellum railroad that served the State of South Carolina and Augusta, Georgia. Robert Y. Hayne, the former governor of South Carolina, became the company's first president and worked alongside prominent board members such as John C. Calhoun and Robert Mills. The company merged with the South Carolina Canal and Railroad Company in 1844, becoming simply the South Carolina Railroad Company. It would eventually foreclose in 1881.

This item comes with a Certificate from John Reznikoff, a premier authenticator for both major 3rd party authentication services, PSA and JSA (James Spence Authentications), as well as numerous auction houses.

WE PROVIDE IN-HOUSE SHIPPING WORLDWIDE!