5510

Flint & Pere Marquette Railway Company

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:50.00 USD Estimated At:100.00 - 200.00 USD
Flint  & Pere Marquette Railway Company
SOLD
50.00USD+ (12.50) buyer's premium + applicable fees & taxes.
This item SOLD at 2018 Oct 22 @ 16:30UTC-7 : PDT/MST
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1) 100 Shares of stock in the Flint and Pere Maquette Railway Company. Certificate 177 dates Sept 6, 1842. Three revenue stamps. Tape repair on back of stock. The F&PM was chartered on January 22, 1857 as the Flint and Pere Marquette Railway for the purpose of constructing an east-west railway line on a route, for which a federal land grant was offered, from Flint, Michigan to Lake Michigan at Pere Marquette (now Ludington, Michigan. The early promoters of the road were George M. Dewey and E.H. Hazelton of Flint, with Dewey serving as the first president of the F&PM. Construction started in 1859 in East Saginaw. A more energetic management took charge in 1860 when Captain Eber Brock Ward of Detroit, a prominent lumberman, vessel owner, and steel manufacturer, was elected to the presidency of the F&PM. Service began on January 20, 1862, on the 26.1-mile (42.0 km) section from East Saginaw south to Mount Morris. In December 1864 the F&PM gained access to Detroit via trackage rights over the Flint and Holly Railroad and the Detroit and Milwaukee Railroad. Ken Prag collection. City: State: Date: HWAC# 75841