Lot 0173

Two RR Stocks Signed by Cornelius Vanderbilt & Jacob H. Vanderbilt

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Two RR Stocks Signed by Cornelius Vanderbilt & Jacob H. Vanderbilt

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Description

Two RR Stocks Signed by Cornelius Vanderbilt & Jacob H. Vanderbilt

A pair of stock certificates from the mid-to-late 19th century relating to the railroads, both signed by Vanderbilts. The first is a Staten Island Rail-Road Company stock certificate. 1p, measuring 9.75" x 6.5", Staten Island, New York, dated July 22, 1868. No. 573, issuing 10 Shares of Capital Stock ($50 each) to the bearer, John W. Merserean. Signed by "J.H. Vanderbilt" as President. Signed by Merserean on verso, dated January 6, 1888. With flattened folds and small pinholes throughout. Boldly signed. The second is a Beech Creek, Clearfield and South Western Railroad Company stock certificate. 1p, 10.75" x 7", New York, n.d. [1800s]. A canceled, blank stock certificate, No. A34. Signed "William A. Wallace" as President and "C. Vanderbilt" as Treasurer. With a blank transfer form on verso. Cancellation holes punched through the two signatures. Boldly signed. Overall very good.

The Staten Island Rail Road was incorporated on August 2, 1851, financed by a loan from Cornelius Vanderbilt. Leadership was handed over to Vanderbilt's brother, Jacob H. Vanderbilt, and railroad took over several independent ferries as well. The Staten Island Railway and ferry line made a modest profit until the explosion of the ferry Westfield at Whitehall Street Terminal on July 30, 1871. The following year, the company was sold to George Law in foreclosure and the Staten Island Rail Road was transferred to the Staten Island Railway Company.

The Beech Creek, Clearfield, and South Western Railroad was originally chartered as the Susquehanna and South Western Railroad on August 12, 1882. The company changed its name on March 20, 1883, when construction began near the town of Beech Creek at the end of 1882. Around this time, the company increased the stock issue to $5,000,000 and issued an additional $5,000,000 in fifty-year bonds. However, the railroad only lasted another three years before failing and having to be sold to the newly organized Beech Creek Railroad on June 29, 1886.

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.

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Two RR Stocks Signed by Cornelius Vanderbilt & Jacob H. Vanderbilt

Name: Two RR Stocks Signed by Cornelius Vanderbilt & Jacob H. Vanderbilt
SKU: 165186778
Price: 600 USD
Availability: InStock

Estimate $200 - $300

See Sold Price

Starting Price $70

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