2599

Panama Rail Road Company Stock Certificate [165875]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:10.00 USD Estimated At:100.00 - 200.00 USD
Panama Rail Road Company Stock Certificate  [165875]
SOLD
40.00USD+ (10.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2023 Jul 29 @ 14:58UTC-7 : PDT/MST
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This was the year the company issued a book promoting the railroad. No. 13652, issued for 10 shares to RJ Bailey in 1865 in New York. Signed by president David Hoadley and treasurer Henry Smith. Punch and pen cancelled. 25 cent US IR stamp on the left. 4 x 7.5" The company operated the Panama Canal Railway, a line that runs parallel to the Panama Canal, linking the Atlantic Ocean to the Pacific Ocean in Central America. Route stretched 47.6 miles across the Isthmus of Panama from Colón (Atlantic) to Balboa (Pacific). Provided both freight and passenger service. Rail line built due to increase in traffic to California with the 1849 Gold Rush. Construction began in 1850, 1st train on Jan. 28, 1855. Became one of the most profitable railroads in the world. Passengers paid $25 each to travel 47 miles. Chartered by the State of New York on April 7, 1849. 1865