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Gilpin Tramway Company (104829)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:50.00 USD Estimated At:100.00 - 300.00 USD
Gilpin Tramway Company  (104829)
SOLD
160.00USD+ (40.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2019 May 18 @ 12:21UTC-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 size of the package(s). NOTE: Some shipments (of unusual size, dimension, or weight) may require sp...
Stock Certificate from the Gilpin Tramway Company. Incorporated in 1886 in Colorado. Certificate number 65 issued on Dec 15, 1888 at Central City to Edwin E. Chase. Signed by president Robert A. Campbell (hole punched) and Frederick Kruse, printed by Collier & Cleaveland Litho. Co. Denver, Colo. , size 11 by 8 inches. Condition is pretty nice and does not detract from the historical value of this piece. Canceled. Nice vignette of train moving through the mountains, and passing small settlements. Ornate border. Embossed Seal at lower left. Cancelled with punch wholes over President's signature. Signed receipt still attached. Transfer on reverse to Frederick Kruse, appointing Joseph W. Bosturk, Attorney on July 6th 1897 signed by Chase twice and witness C. W. Deems. Red ink 'X' over transfer. This is a beautiful collectible stock with slight creases from folding, a tiny tear at bottom edge on fold line and two pin holes on top right. On December 11, 1887, the first ore shipments were made on the Gilpin Tram, which was a technological marvel in its day, efficiently reaching many of the major producing mines allowing all ores to be shipped more economically, making extraction of lower-grade ore profitable for the first time. At first the tram was an asset to the larger lines and in 1906 it became wholly owned by the Colorado and Southern but factors such as WWI, and expansion of the Newhouse tunnel, which took over much ore haulage, took a toll on smaller lines and in 1917 the Gilpin Tram was sold to the Radetsky Brothers of the Colorado Iron and Metal Company of Denver for scrap metal.

Date: Dec 15, 1888
City/County:
State: Colorado