5509

Pennsylvania, Slatington and New England Railroad Bond

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:35.00 USD Estimated At:70.00 - 100.00 USD
Pennsylvania, Slatington and New England Railroad Bond
SOLD
35.00USD+ (8.75) buyer's premium + applicable fees & taxes.
This item SOLD at 2018 Dec 09 @ 12:18UTC-8 : PST/AKDT
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Issued/paid # 285 $1000 signed by President Rice. Nice locomotive and 2 allegorical women vignette. "The Pennsylvania, Slatington and New England Railroad was formed June 22, 1882 as a consolidation of the Pennsylvania and New England Railroad (NJ Division) and Delaware and Slatington Railroad, to build from Slatington, Pennsylvania to Pine Island, New York. In December of that year, John L. Blair, who controlled the nearby Bangor and Portland Railway, acquired control of the PS&NE, in order to give the B&P direct access to New England and other points. Additionally the Central Railroad of New Jersey's Lehigh and Lackawanna Railroad could no longer access points on the B&P. Construction was carried out through 1883, with grading finished in Pennsylvania and about 12 miles west from Sussex, New Jersey. The bridge over the Delaware River at Portland was built, and rails were laid for about half of the length in Pennsylvania. In early 1883 a dispute erupted with the Wind Gap and Delaware Railroad over the tracks between Pen Argyl and Bangor, which the PS&NE wanted to use. Later that year the company went bankrupt and construction stopped." from wikipedia.com. Prag Collection. State: City: Date: 1882 HWAC# 84229