2651

American Submarine Company Stock, 1870 [130628]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:100.00 USD Estimated At:200.00 - 300.00 USD
American Submarine Company Stock, 1870 [130628]
SOLD
120.00USDto C*****t+ buyer's premium (30.00)
This item SOLD at 2021 Dec 18 @ 18:55UTC-8 : PST/AKDT
SHIPPING & HANDLING: Shipping is subject to a minimum charge of $19.00. Shipping and handling cannot be estimated prior to invoicing as it is based on the size and weight of your purchase. Additional shipping and handling costs, if required, will be re-invoiced for the balance due. Items are not shipped until the invoice is completely paid. Many buyers purchase a number of lots. Every effort will be made to include all lots in a single shipping charge calculated to cover the weight and size.SHIPPING & HANDLING: Shipping and Handling cannot be estimated prior to invoicing, based on the size a...
# 63 for 100 shares to Arthur Gilman on February 17, 1870. Signed by vice president William Bailey and secretary Henry Waterman. 25c Certificate revenue stamp attached. Transferred to Francis Gilman on reverse in May of 1870. 5c blue Washington stamp attached. vignettes of an old sailing ship and two women flanking a coat of arms with an eagle, train, etc. Ferd. Mayor printer. A group of Northern speculators formed the American Submarine Company to take advantage of a vote in the U.S. Congress to approve the use of privateers. However, when President Abraham Lincoln declined to accept the authority, construction of this consortium's submarine, the Intelligent Whale, languished. The boat was not completed until 1866, long after the war ended. It was eventually used to search for sunken treasure off the coast of Venezuela. Several efforts to sell it to the U.S. Navy which held formal acceptance trials in 1872. The Intelligent Whale failed. [George Labarre & matchndmedicine.com]

Date: 1870
Country (if not USA):
State: New York
City:
Provenance: