Clover Hill Rail Road Co Stock Certificate, Virginia, 1868 (111213)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:150.00 USD Estimated At:300.00 - 450.00 USD
Clover Hill Rail Road Co Stock Certificate, Virginia, 1868  (111213)
150.00USDto m********r+ (37.50) buyer's premium + applicable fees & taxes.
This item SOLD at 2020 Mar 13 @ 12:41UTC-8 : PST
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Cert. #103, issued for 45 shares to Mylen Souther & Co and signed by Logan as president. Vignette of a open cab train running right to left. No printer noted. Uncancelled. Rare. Operated for 36 years in central Virginia near Richmond. The railroad was created to carry coal most efficiently from the Clover Hill Pits in Winterpock, Virginia, to further transportation points in Chester, Virginia, where it could sold for a better price than on the Appomattox River in the Piedmont region. This made the railroad important to the Confederacy in the Civil War to ensure a supply of coal for munitions and iron working. The mines were dangerous for the miners, and many accidents occurred. The railroad had to be sold when coal mining declined so that new owners could find other uses for the railroad.

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