5577

Poughkeepsie, Hartford & Boston Railroad Bond

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:75.00 USD Estimated At:150.00 - 200.00 USD
Poughkeepsie, Hartford & Boston Railroad Bond
SOLD
75.00USD+ (18.75) buyer's premium + applicable fees & taxes.
This item SOLD at 2018 Dec 09 @ 12:40UTC-8 : PST/AKDT
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#722 $100 Edward Elsworth 1875. All coupons intact. "The Poughkeepsie and Eastern Railway was the first railroad to run east from Poughkeepsie, New York, and was taken over by the New York, New Haven and Hartford Railroad and assigned to the Central New England Railway in 1907. On June 24, 1874 the company went into receivership. It was sold in April 1875 and reorganized May 15 as the Poughkeepsie, Hartford and Boston Railroad. It again went bankrupt and on January 26, 1884 the Hartford and Connecticut Western Railroad bought the section southeast of Boston Corners, to which they already had track rights. The rest was sold in late 1886 and on January 22, 1887 it was reorganized as the New York and Massachusetts Railway. Profit was still hard to come by, and it entered receivership for a third time in February 1893. It was sold under foreclosure March 2 and reorganized April 13 once under the name, the Poughkeepsie and Eastern Railway Company. Yet again, on June 17, 1898, the company went into receivership. On July 12, 1904 P&E had a wreck at Salt Point when a passenger train was mistakenly switched to a siding where a freight train was waiting. The conductor on the passenger train was injured. In 1907 the New York, New Haven and Hartford Railroad bought it and on June 25 merged it into the Central New England Railway." from wikipedia. Prag Collection State: City: Date: 1875 HWAC# 84921