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California Eastern Railway Company Stock Certificate [201779]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:10.00 USD Estimated At:60.00 - 200.00 USD
California Eastern Railway Company Stock Certificate [201779]
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Unissued, but very rare. The California Eastern Railway was originally organized in 1896 in Colorado. Originally named the Nevada Southern Railway. The line ran about 30 miles from Blake, California to Manvel, California, now a ghost town in San Bernardino County near the California/Nevada border. By 1902, it had extended to Ivanpah. It first was a private line run by a mining company to connect the silver mines in the New York Mountains and the gold mines at Vanderbilt to the Atchison, Topeka and Santa Fe at Goffs. The line ran to Manvel, later renamed Barnwell, which was the closest railhead to nearby mining camps including Vanderbilt, Goodsprings and Searchlight. Capital stock Issued at $20,000 per mile of Completed Road. Very interesting twist not seen on other railroad certificates. The company likely issued about $600,000 worth of stock to built the line. Vignette of miners working underground. The company was taken over by the Atchison, Topeka & Santa Fe in 1911.
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Date:
Country (if not USA):
State: California
City: San Bernardino County
Provenance: