Columbia & Puget Sound Railroad Co

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:100.00 USD Estimated At:200.00 - 500.00 USD
Columbia & Puget Sound Railroad Co
100.00USDto t********f+ (25.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2018 Oct 22 @ 16:15UTC-7 : PDT/MST
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Columbia Puget Sound Railroad Company Share #1 for 3,750 shares on January, 1881. Signed by president, J.W. Dolph. Seattle looked to a transcontinental rail connection to secure its future prosperity. The village's founders may have felt this need even more keenly than those of neighboring towns for they had settled on the western shore of Elliott Bay in the spring of 1852 to build a great and permanent city. Travel between America's coasts then took months, whether overland by wagon or by sailing ship or steamer via Cape Horn. The idea of reducing this time to weeks or even days via a transcontinental railroad terminating at Puget Sound was first advanced in 1845 by Asa Whitney (1791-1874), a New York trader with extensive dealings in "the Orient." Henry Villard (1835-1900), whose Oregon and Eastern Washington railroads and steamship lines were filling the void left by the Northern Pacific's paralysis, was quick to note Seattle's successes. He bought the Seattle & Walla Walla (and its generous waterfront franchise) in 1880, reorganized it as the Columbia & Puget Sound Railroad, and erected the town's first train depot. As prosperity returned locally and nationally that year, E. H. Harriman (1848-1909) purchased the moribund Union Pacific. Four years later, James H. Hill took control of the Northern Pacific. The two titans fought a seesaw battle for dominance in the Northwest and Hill seemed to be gaining the upper hand until 1904, when his giant Northern Securities holding company was broken up by enforcement of the new Sherman Anti-Trust Act. He took it in stride and still managed to guide both the Great Northern and Northern Pacific by other means. The tunnel was completed in 1906 and its southern portal opened onto the Great Northern and Northern Pacific's new "Union Depot" -- now King Street Station. Not to be outdone, the Union Pacific's subsidiary Oregon-Washington Railroad soon announced plans for its own grand terminal. Open in May 1911, it also began serving passengers traveling on the Milwaukee Road, the last major railroad to enter the Northwest, and became known as Union Station. City: State: Date: January 1881 HWAC# 82258