4184

Georgia Rail Road & Banking Company Stock Certificate

Currency:USD Category:Western Americana / Collectibles - Railroad Start Price:100.00 USD Estimated At:200.00 - 400.00 USD
Georgia Rail Road & Banking Company Stock Certificate
SOLD
80.00USDto p********n+ (20.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2018 Mar 18 @ 10:05UTC-7 : PDT/MST
SHIPPING & HANDLING: Shipping and Handling cannot be estimated prior to invoicing, based on the size and weight of your purchase. All shipping is subject to a minimum charge of $19.00. If additional shipping and handling costs are required, the buyer will be reinvoiced for the balance due. Items are not shipped until the invoice is completely paid. Many buyers purchase a number of lots. Every effort will be made to include all lots in a single shipping charge calculated to cover the weight and...
Number 1711 for 75 shares to Robert Stafford & Andrew J Miller trustees HB Bacon. Signed by cashier JW WIlde and Jonathan P King. April 13, 1849. Incorporated in 1833. Simple very early steam locomotive pulling cars through the countryside as a vignette. Vertical fold with tear at the right side. Hand cancelled 1872. Overall very nice condition.



The company was chartered in 1833 in Augusta, Georgia. In 1835, the charter was amended to include banking. During the American Civil War, the Confederate States of America maintained a gunpowder factory in Augusta. Carloads of gunpowder would be transported on the Georgia Railroad to various battlefields in the "Western Campaign." Although the Civil War saw heavy damage to railroads such as the Georgia Railroad, management used their considerable resources to restore operation as quickly as possible. The Georgia Railroad even resorted to temporarily abandoning the Athens branch to secure enough rail to reopen its main line. Returning Confederate soldiers were given free rides home, to the extent that the company's limited rail network would allow. They also honored all Confederate scrip issued by their bank. No depositor lost their savings even if Confederate money had no value. It helped that the Georgia Railroad and Banking Company had the financial strength to honor those promises. At that time, most Southern banks were repudiating any obligations related to Confederate currency. This helped to solidify the bank's reputation as one of the premier banks in the southeastern United States, well into the 20th century. [wikipedia] (Al Adams Gold Rush Memorabilia Collection) Date: 1849 Location: Augusta, Georgia HWAC# 57324