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Allen Mining, Smelting & Railroad Company Stock Certificate

Currency:USD Category:Western Americana / Collectibles - Railroad Start Price:25.00 USD Estimated At:50.00 - 100.00 USD
Allen Mining, Smelting & Railroad Company Stock Certificate
SOLD
60.00USDto s*****n+ (15.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2018 Mar 18 @ 10:12UTC-7 : PDT/MST
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Extremely early and very rare. Number 4 for 1,000 shares to WA Gibb in 1906. Signed by secretary Gibb and president Leach. Incorporated in Georgia. Three mining vignettes: two underground and one of a mill with a coal train rolling past. Newspapers in 1906 reported that the Danville & Scottsdale Railroad Company was organized under the laws of Georgia as the Allen Mining, Smelting & Railroad Company, with a capitalization, of 6,000,000. It was operating large mining industries in Georgia, Virginia, Tennessee and North Carolina. A surveying corps has been at work on the new Danville & Scottsville Railroad near McKinney and considerable territory has been gone over. The work of construction will be begun about May 20, and fifty miles of the line will probably be completed by September. The road will be 100 miles in length and will open up a country rich in coal and mineral. Although the company was mentioned in official Kentucky bulletins through 1909, there never seems to have been any real work done! President, R. W. Leach, Cincinnati; first vice president, J. F. Allen, Cincinnati; second vice president, F. P. Cumbest, Liberty; general manager, John G. Taylor, Chicago, secretary, John D. Fallitt, Cincinnati; treasurer, J. B. Brown, Liberty. This is the only stock certificate of this company in the collection! Heavy vertical folds, small tears at the fold edges, dog eared corners. Otherwise showy and in very nice condition. Date: 1906 Location: Danville, Kentucky HWAC# 57011