5438

Bullfrog Goldfield Railroad

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:250.00 USD Estimated At:500.00 - 1,500.00 USD
Bullfrog Goldfield Railroad
SOLD
325.00USDto d**********3+ buyer's premium (81.25)
This item SOLD at 2018 Oct 26 @ 11:32UTC-7 : PDT/MST
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Uncancelled 45 shares, number B19 of Bullfrog Goldield Railroad. Extra rare. The Bullfrog Goldfield Railroad (BGRR) was a former Class II railroad lying just inside and about midway of the southwestern State line of Nevada. It was incorporated in 1905 to provide an outlet from the mining section near Beatty to the north over the lines of the Tonopah and Goldfield Railroad and the Southern Pacific Railroad. The main line of the Bullfrog Goldfield Railroad Company extended from Beatty 78.95 miles (127.06 km) in a general north-northwesterly direction to Goldfield. A 5.83 miles (9.38 km) long branch line, ran westward from Beatty to Rhyolite. The total road mileage owned was thus 84.78 miles. Yard tracks and sidings to an aggregate of 7.70 miles (12.39 km) brought the total owned mileage to 92.48 miles (148.83 km). The Bullfrog Goldfield Railroad Company owned no terminal facilities, as such, but used the station and yard facilities at Beatty belonging to the Las Vegas & Tonopah Railroad Company. The original railroad of the Bullfrog Goldfield Railroad Company was constructed as follows: From Rhyolite to Beatty 7.79 miles (12.54 km) From Beatty to Bonnie Claire 37.49 miles (60.33 km) From Bonnie Claire to Goldfield 36.65 miles (58.98 km) Mining, the basic industry in this region, suffered a severe decline soon after the Bullfrog Goldfield Railroad Company was completed. The decline of the mining resources soon led, in 1908, to a joint operating arrangement with the Tonopah & Tidewater Railroad Company under a holding company incorporated in Delaware as the Tonopah & Tidewater Company. The failure of this arrangement to bring about the desired financial improvement led to a reorganization in June, 1914, whereby the parallel line of the Las Vegas & Tonopah Railroad Company was eliminated and the Bullfrog Goldfield Railroad Company passed under the control of the latter company, with which it has since been operated as a continuous road, but as a distinct corporation.[1] City: State: Date: HWAC# 82243