California Improvement Co. Stock Issued to W.A. Clark & Edward H. Harriman (Endorsed by Clark) (111

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:100.00 USD Estimated At:200.00 - 300.00 USD
California Improvement Co. Stock Issued to W.A. Clark & Edward H. Harriman (Endorsed by Clark)  (111
100.00USDto 8*************e+ (25.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2020 Feb 15 @ 14:20UTC-8 : PST
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This certificate was issued for 36% (12,991.5) of the total authorized shares to Clark (Senator from Montana and mining and railroad executive) and Harriman. Both Clark and Harriman (by his atty. in fact) have endorsed the certificate on the back. According to Cox, this company was to build a railroad from Los Angeles to San Francisco. Clark and Harriman were also trustees of the San Pedro, Los Angeles and Salt Lake Railroad Company. Harriman was an American financier and railroad executive who purchased the Union Pacific Railroad Company out of bankruptcy in 1898. By 1901, Harriman was trying to secure control of the Southern Pacific as well (brittania.com). This certificate was issued in 1903. The total capital stock was $3.6 Million and shares were $100 Each. Harriman was apparantly trying to control railroads in many parts of the country. This is definitely Clark's signature, but Harriman's was signed by his attorney in fact. J.Ross Clark, W.A. Clark's brother witnessed the signings. This certificate is an important historical document as part of Clark's and Harriman's legacy.

Provenance: Ken Prag Collection
Country (if not USA):
State: Illinois