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Four Oregon Railroad Stocks (91951)

Currency:USD Category:Collectibles / Railroadiana, Trains Start Price:100.00 USD Estimated At:200.00 - 400.00 USD
Four Oregon Railroad Stocks  (91951)
SOLD
100.00USDto 8*************e+ buyer's premium (25.00)
This item SOLD at 2019 May 18 @ 12:44UTC-7 : PDT/MST
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1) Astoria and Columbia River Railroad Company. Very Early 1898# 17 for 2165 sares. To TH Curtis. RARE. Signed by Andrew B Hammond. Pen Cancelled. Ever since Astoria was founded at the mouth of the Columbia River in 1811, residents dreamed of their town becoming a booming port. Once ships crossed the treacherous bar at the river’s mouth, however, the vessels simply continued to Portland. Townspeople, persuaded that a railroad could transform Astoria into the entrepôt to the Northwest, began agitating for a line as early as 1853.Finally, in 1883, with the coming of the transcontinental railroad to the West, Astoria assumed that they would be connected to the rest of the nation. By the time the Northern Pacific reached Portland, however, the railroad was financially overextended and stopped fifty-eight miles short, at Goble, effectively making Portland the western terminus of the line. Astroians heaped subsidy and cash upon an offer for a railroad, but not until 1894 when Montana businessman Andrew B Hammond decided to build that railroad to Globe on the Columbia River. The line was completed in May of 1898 just as this stock was issued. Ken Prag Collection

Date: 1882-1898
City/County:
State: Oregon