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New Orleans & Ohio Telegraph Company Stock & Bond Group (126371)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Industrial Start Price:300.00 USD Estimated At:600.00 - 1,500.00 USD
New Orleans & Ohio Telegraph Company Stock & Bond Group  (126371)
SOLD
350.00USD+ (87.50) buyer's premium + applicable fees & taxes.
This item SOLD at 2020 Dec 17 @ 18:27UTC-8 : PST/AKDT
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Lot of 3 different. Early, pre-Civil War telegraphs! 1) Loan certificate issued in 1854 to RG Gantt for $38.57. Signed by president W. Tenner and secretary Geo. L. Dingley. Soiling and toning. 2) Stock no. 172, issued for 3 8/25 shares on Sept. 1, 1858 in Louisville, KY. Signed by president Norvin Green and treasurer Douglas. Pen and spindle cancelled. Black print on thin paper with four vignettes: train & boat (bottom center), allegorical women (left and top center), and a portrait of a man (upper left). Printed by Toppan, Carpenter & Co., Cincinnati. Folds, heavy toning and soiling, as is common with these. 6.25 x 10.5" 3) 1859 $1,000 bond for the company. Signed by Norvin Green as president and also signed by corporate officers for The American Telegraph Co. Ink faded, heavy toning. This company was a merger of the People's Telegraph Lines and the New Orleans & Ohio Telegraph Lines. The telegraph lines went from Wheeling, Virginia to Nashville, Tennessee, and thence to New Orleans, as well as from Maysville, KY to Cincinnati and Nashville to Memphis. Norvin Green and a group of other businessmen leased these lines for operation. A series of consolidations in the industry ultimately led to the formation of Western Union Telegraph which served the entire United States-an idea that Green was amongst the first to support. Green served as president of Western Union.

Date: 1854-1859
Country (if not USA):
State: Kentucky
City:
Provenance: Ken Prag Collection

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