7057

California Eastern Extension RR Bond, 1859, Rare [182135]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:50.00 USD Estimated At:500.00 - 800.00 USD
California Eastern Extension RR Bond, 1859, Rare [182135]
SOLD
120.00USDto j******d+ buyer's premium (30.00)
This item SOLD at 2024 Nov 27 @ 09:16UTC-8 : PST/AKDT
FINAL AUCTION RECORD The Auctioneer’s podium notes serve as the final, legally binding record of the auction results, superseding any electronic bidding records. See Terms and Conditions
1859 $1,000 bond of the California Eastern Extension Railroad Company, number 14 with all but 1 coupon. Signed by president, Edward McLean. Rare. A mining magnate from Denver, Isaac G. Blake, in April 1892, with an interest in the silver mines in Sagamore Canyon in the New York Mountains, built the Needles Reduction Company mill, in the town of Needles and then in December 1892 began building the Nevada Southern Railway, toward those silver mines and the gold mining town of Vanderbilt from the Atchison, Topeka and Santa Fe Railway (ATSF) station at Goffs, completing 25 miles to a rail camp with a post office, named Manvel, then later built it five miles on up nearer the mines and a pass through the mountains, to a rail camp named Summit which was renamed Manvel when the post office relocated there, in July 1893. Manvel, renamed Barnwell, was the nearest railhead for nearby mining camps, including Vanderbilt, Goodsprings and the mines at Searchlight, Nevada. In early 1902, the Nevada Southern Railway completed a 15-mile extension over the New York Mountains, past Vanderbilt, into the Ivanpah Valley, to a railhead named Ivanpah, to serve as the shipping point for the Copper World Mine. Several months later, the ATSF bought the Nevada Southern Railway and renamed it the California Eastern Railway. .75" upper left tear. [ California