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Lot 0385
A GALVESTON, HOUSTON & HENDERSON RAILROAD CO. BOND FOR ONE HUNDRED DOLLARS, OCTOBER 8, 1857, ink on paper, issue no. 1834, reads, "Issue of 26,250 Obligations, with the Security of the railroad and of the Free Grant of Lands from the State of Texas..." signed by John H. Hand, Treasurer, Richard B. Kimball, President, and others, printed by John F. Trow, New York, with attached coupons. 14 1/2" x 10" NOTE: The Galveston, Houston and Henderson Railroad Company was chartered on February 7, 1853, to build a rail system from Galveston through Houston to Henderson in East Texas. For a number of years the company was Galveston's only rail connection with the Texas railroad system centered at Houston. Although supported in Galveston and Houston, much of the early financing was provided by investors in Holland and France. The original company was sold in 1860, and a new Galveston, Houston and Henderson was organized under the original charter. During the Civil War the railroad remained active, handling the traffic to and from the Confederate blockade runners reaching Galveston. In 1867 the bondholders of the original company forced the railroad into receivership and fighting between the stockholders and bondholders forced the railroad to be sold under foreclosure on December 15, 1871. Reference: Heritage Auction

Condition

Some creasing, mild yellow tone mostly at top edge, a few foxing spots, mild tears, some fading of ink and ink bleed, but overall in good to very good condition, wear commensurate with age.

Simpson Galleries strongly encourages in-person inspection of items by the bidder. Statements by Simpson Galleries regarding the condition of objects are for guidance only and should not be relied upon as statements of fact and do not constitute a representation, warranty, or assumption of liability by Simpson Galleries. All lots offered are sold "AS IS."

Starting Bid

$100.00

Buyer's Premium

  • 24.5% up to $1,000,000.00
  • 24.5% above $1,000,000.00

A GALVESTON, HOUSTON & HENDERSON RAILROAD CO. BOND FOR

Auction ended on Sun, Feb 11, 2018
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Estimate $200 - $300
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6116 Skyline Dr. Ste. # 1
Houston, TX 77057
United States
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