5446

California Belt Railway Company

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:200.00 USD Estimated At:400.00 - 800.00 USD
California Belt Railway Company
SOLD
200.00USD+ (50.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2018 Oct 22 @ 15:57UTC-7 : PDT/MST
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...
900 shares of Capital Stock of the California Belt Railway Company, stock no 115. Incorporated August 11, 1883. The California Gold Rush of 1849 dramatically transformed San Francisco into a bustling port town, exploding with new people and construction. Due to the lack of any proper city planning, San Francisco's waterfront grew haphazardly into a maze of wharves, piers and warehouses. The state of California established a harbor commission to improve the waterfront's transportation systems. In 1890, the harbor commission built the State Belt Railroad, designed to improve the flow of goods and materials up and down the waterfront by serving the piers and linking them with the outlying commercial warehouses and railroads The original purpose of the State Belt Railroad was to serve the waterfront's commercial shipping activities but as the city's needs changed, so did the length and scope of the railroad. During World War I, in an effort to support the military's shipping needs, a railroad tunnel was constructed to extend the Belt Railroad out to the Fort Mason army post. By 1917, the state extended the railroad out to the Presidio army base. At the height of the State Belt Railroad, 67 miles of track were in service. Overtime, however, the use of the railroad dwindled as Oakland surpassed San Francisco as the major Bay Area shipping port. In 1969, the railroad was renamed the San Francisco Belt Railroad after the state sold the waterfront property rights to the city. By 1993 the railroad company had gone out of business and the much of the tracks abandoned. City: State: Date: HWAC# 82238