2469

Denver & Boulder Valley Railroad Co. Stock Issued to Thomas A. Scott, Signed by Chaffee [160287]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:150.00 USD Estimated At:300.00 - 600.00 USD
Denver & Boulder Valley Railroad Co. Stock Issued to Thomas A. Scott, Signed by Chaffee [160287]
SOLD
300.00USDto d*******r+ buyer's premium (75.00)
This item SOLD at 2023 Mar 31 @ 14:56UTC-7 : PDT/MST
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Inc. by the territory of Colorado. Low certificate no. 4, issued to Thomas A. Scott on Jan. 18th, 1871 in Denver City. Signed by JB Chaffee as president and RR McCormick as secretary. Not cancelled. Black border and print with railroad vignette. Signed on the back for the Estate of Thos. A. Scott. Pinholes, folds. 6.5 x 10.75" Thomas Alexander Scott was an American businessman, railroad executive, and industrialist. In 1861, President Abraham Lincoln appointed him to serve as U.S. Assistant Secretary of War, and during the Civil War railroads under his leadership played a major role in the war effort. Scott then became the 4th president of the Pennsylvania Railroad, which became the largest publicly traded corporation in the world. He was considered a "robber baron" and received much criticism for his conduct in the Great Railroad Strike of 1877. In 1877, Scott helped negotiate the Republican Party's Compromise of 1877 with the Democratic Party which settled the disputed presidential election of 1876 in favor of Rutherford B. Hayes in exchange for the federal government pulling out its military forces from the South and ending the Reconstruction era. Jerome B Chaffee was one of the founders of the City of Denver, and founded the First National Bank of Denver in 1865. Chaffee entered politics and helped organize the Colorado Territory, serving in its first legislature as speaker. He was the territorial delegate to the United States Congress starting in 1870. In 1876, after Colorado was admitted to the Union, Chaffee was elected to the United States Senate. Chaffee County in Colorado is named after him. According to Poor's Manual of Railroads (1887), this company operated a line from Brighton, Colorado to Boulder, a distance of 27 miles. Chartered in 1870; opened in 1871. Operated by the Union Pacific after the company defaulted in 1879.

Date: 1871
Country (if not USA):
State: Colorado
City: Boulder
Provenance: Gary Bracken Collection