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Deep Creek Railroad Company (91011)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:250.00 USD Estimated At:500.00 - 900.00 USD
Deep Creek Railroad Company  (91011)
SOLD
200.00USDto r*********1+ buyer's premium (50.00)
This item SOLD at 2019 Mar 10 @ 17:29UTC-7 : PDT/MST
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2 shares of stock @ $100 each for Deep Creek Railroad Company, an extra rare Nevada Railroad. Grey border with gold company seal. Inc. UT. Vignette of railroad on track with city in background. 1) 1 cancelled share cert. #36 issued to J. F. Hogan on Aug 8, 1932. 2) Unissued and uncancelled stock cert. #45.Printed: GOES. Deep Creek Railroad is a defunct railroad company that constructed and operated a line between Wendover and Gold Hill, UT, a distance of about 45 miles. Constructed in 1917 to serve a mining district in the Gold Hill vicinity and existed for 22 years before succumbing to a weak traffic level. In the late 1800's, prospectors began exploring the remote Deep Creek Mountains of far west-central Utah, and a brief gold-mining boom resulted in the establishment of the small town of Gold Hill in 1892. Town's initial period of prosperity was short-lived, but the promise of a second boom surfaced in the 1910's with the development of copper-mining properties in the Gold Hill area. Rapid growth in the use of electricity during the period created a strong demand for copper, and nearby mining districts near Ely, NV and Bingham Canyon, UT were highly successful copper producers. Need for a reliable and inexpensive method of shipping ore from these mines pushed construction of the Deep Creek Railroad. Group of investors that included Utah Senator Reed Smoot and the president of the Western Pacific Railroad started the planning in 1916 for the new railway, being constructed the following year. Rail line began at the small town of Wendover, on the Utah/Nevada border, where a connection was made with the Western Pacific. Railroad went from Wendover south through the salt desert, the right-of-way only 30 feet east of the Nevada state line. The tangent was broken only by the need to bypass a small hill, causing the railroad to dip into Nevada for approximately 1/2 mile, then angled southeast, following the edge of the desert into the Gold Hill area. The railroad's main line terminated in Gold Hill, although a short branch accessed the mines just to the east. Printed: GOES. Prag collection.

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State: Utah