2326

Austin & Reese River Transporation Company Dividend Receipt (99481)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:25.00 USD Estimated At:50.00 - 100.00 USD
Austin & Reese River Transporation Company Dividend Receipt  (99481)
SOLD
25.00USDto 8*************e+ buyer's premium (6.25)
This item SOLD at 2019 Mar 08 @ 12:01UTC-8 : PST/AKDT
SHIPPING & HANDLING: Shipping and Handling cannot be estimated prior to invoicing, based on the size and weight of your purchase. All shipping is subject to a minimum charge of $19.00. If additional shipping and handling costs are required, the buyer will be reinvoiced 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 of the package(s). NOTE: Some shipments (of unusual size, dimension, or weight) may require sp...
Second dividend of 10 shares for f$50.00. Signed by president WS Gage and secretary MA Sawtelle. Austin was one of the major mining centers in Nevada in the 1860's But it was being left out! The Central Pacific Railroad would not come near. So in 1868 (the year the CP RR was completed) local businessmen bought shares it the Austin & Reese River Transportation Company with the goal of building a first class freighting road to the CP RR. Charles Crocker himself guaranteed the citizens of Austin a city wherever their road ended and Argenta was the place. Argenta never amounted to much and the destination was changed to Battle Mountain. In 1880 the Nevada Central Railroad was completed and the Austin and R. R. Transportation Company was disbanded. This was a toll road and hence the dividends. More background notes are included, mostly garnered from "Retracing the Past: The Austin & Reese River Transpiration Company Toll Road" by Hartwell, Barrett, and Edwards.

Date: 1872
City/County: Austin, Lander
State: Nevada