Cape Girardeau Northern Railway Co (106442)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:25.00 USD Estimated At:50.00 - 80.00 USD
Cape Girardeau Northern Railway Co   (106442)
70.00USDto 9******r+ (17.50) buyer's premium + applicable fees & taxes.
This item SOLD at 2019 Jul 15 @ 18:08UTC-7 : PDT/MST
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$1,000 Cape Girardeau Northern Railway Co cert #230 1st Mortgage 5% Gold Bond. Signed by secretary and president. Green border and raised company seal. Printed: Security Bank Note Co. Phila. Primary reason for this railroad built by Louis Houck a Missouri railroad tycoon was to connect Cape Girardeau with towns to the north. Construction poor and original Cape Girardeau & Chester Railroad did poorly. Next railroad named Cape Girardeau Northern Railroad also was not successful. Built in 1905 and ran from Cape Girardeau to Jackson and a connection with the Missouri Pacific. Financial struggles overcame any profits and the railroad came close to bankruptcy. By 1925, the line was saved by the Missouri Pacific Railroad. They wanted it used as a short industrial spur in Cape Girardeau proper. Little exists of the railroad today,