1549

Northern Pacific Railroad Company Stocks & Bond [195647]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:60.00 USD Estimated At:120.00 - 200.00 USD
Northern Pacific Railroad Company Stocks & Bond [195647]
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Rare. Lot of 3 different. 1) 1895 stock issued for 10 shares to Huggins & Clarke. Punch cancelled signatures. Red border, locomotive vignette. ABN. 2) 1892 stock issued to SF Johnson & Co.. Punch cancelled signatures. Blue border, locomotive vignette. 3) $1,000 bond issued in 1954, punch cancelled. Conestoga wagon vignette. The Northern Pacific Railroad was chartered in 1864 to build a line from Lake Superior to the Pacific Coast. The railroad was granted 57 million acres to construct the line through the northern Great Plains and Rockies, terrain General William T. Sherman described as "bad as God ever made, or any one could scrape up this side of Africa." By 1871 the line was being surveyed through Sioux lands in the Black Hills, and Sitting Bull and others attacked the surveyors and white settlers. This caused the dispatch of federal troops to the area, and eventually led to the Black Hills War and the defeat of Custer by Sitting Bull at Little Bighorn in 1876. Despite these and additional financial setbacks, the Northern Pacific Railroad was completed in 1883. Sitting Bull delivered a bitter speech at the opening ceremonies. The railroad fell into receivership in 1893 and was reorganized soon after by J.P. Morgan and others.
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