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Iron Dike & Land Reclamation Company Stock Certificate [134156]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:100.00 USD Estimated At:200.00 - 400.00 USD
Iron Dike & Land Reclamation Company Stock Certificate  [134156]
SOLD
100.00USD+ (22.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2021 May 13 @ 14:07UTC-7 : PDT/MST
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No. 191, issued for 100 shares to S. Craighead on January 12th, 1869 in New York. Signed by president Samuel Pike and the secretary (illegible). Not cancelled. Black border and print, livestock vignette. Printed by Bowne & Co., NY. 25 cent adhesive revenue stamp attached at bottom left. Pinholes, folds. 5.25 x 9.5" Samuel N. Pike, a New York City real estate developer and distiller, founded this company in 1866 to develop the New Jersey Meadowlands, located in New Jersey a few miles from New York City. Pike used metal dikes which were large iron plates, developed by inventor Spencer Driggs. Pike attempted to dike 3,000 acres at a cost of $100 per acre. It was not a success, and Pike sold the land to railroads, at a loss. [The Meadowlands, Sullivan, 1999]

Date: 1869
Country (if not USA):
State: New Jersey
City: The Meadowlands
Provenance: Ken Prag Collection