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Gulf & Ship Island Railroad Company Stock, 1905 [130580]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:100.00 USD Estimated At:200.00 - 400.00 USD
Gulf & Ship Island Railroad Company Stock, 1905  [130580]
SOLD
110.00USD+ (27.50) buyer's premium + applicable fees & taxes.
This item SOLD at 2021 Oct 31 @ 11:46UTC-7 : PDT/MST
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#65 for 2500 shares to Joseph E Jones in 1905. Signed by president jones and secretary. Cancelled. Train vignette at depot. Jones endorses on back in 1916. The Gulf and Ship Island Railroad was constructed in the state of Mississippi, USA, at the turn of the 20th century to open a vast expanse of southern yellow pine forests for commercial harvest. Despite economic uncertainty, entrepreneurs William H. Hardy and Joseph T. Jones successfully completed railroad construction. The railroad resulted in the development of a seaport and expansion of cities along its route. Joseph T. Jones had made a fortune in oil wells and oil pipelines in Pennsylvania and West Virginia. He heard of the potential for investment in the bankrupt railroad being constructed in Mississippi that included 63,000 acres of timberland and invested in this company.

Date: 1905
Country (if not USA):
State: Mississippi
City:
Provenance: