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Los Angeles Area Railroad Collection (6) [145659]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:200.00 USD Estimated At:400.00 - 800.00 USD
Los Angeles Area Railroad Collection (6)  [145659]
SOLD
120.00USD+ (30.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2022 Feb 25 @ 10:40UTC-8 : PST/AKDT
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Six rare railroad stocks and bonds from Los Angeles. 1) Los Angeles Cons. Electric Rwy Bond, $1000, Signed by M.H. Sherman in 1892. On October 14, 1890, Sherman founded the Los Angeles Consolidated Electric Railway in Downtown Los Angeles. He received a 50-year franchise from the city and sold stock to help build his street car railroad. Gen. Sherman purchased land that became the town the bears his name: Sherman Oaks, his land deals made him more money than his railroading (wikipedia.com). There are two of these bonds. 2) Los Angeles, Pasadena & Glendale Railway, 1890. Issued but no signed. Quite rare. 3) Los Angeles and Vernon Street Railway, 1890. I/C. 4) American Monorail Company, 1920. Issued at Los Angeles. 5) Second St. Cable Rail Road Co. 188X. Great Vignette.

Date:
Country (if not USA):
State: California
City: Los Angeles
Provenance: Ken Prag Collection