1450

New Orleans and Ohio Telegraph Company Bond Certificate, 1854, Rare [118368]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Industrial Start Price:200.00 USD Estimated At:400.00 - 600.00 USD
New Orleans and Ohio Telegraph Company Bond Certificate, 1854, Rare  [118368]
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Rare certificate issued at Louisville, Kentucky in 1854. The company was chartered in Tennessee with total capital of $444,900. This is certificate #189. The telegraph industry consolidated in 1866 under Western Union to form the first monopoly. The company formed in 1847 and under the direction of Norvin Green and in 1853 he merged it with the People's Telegraph Company. The company was successful and was a dividend payer. Browning and staining. Extra folds. Uncanceled.

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Provenance: Ken Prag Collection