4348

Sacramento Street Wharf Co. Stock, 1852, Xrare [174415]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:250.00 USD Estimated At:500.00 - 1,000.00 USD
Sacramento Street Wharf Co. Stock, 1852, Xrare   [174415]
SOLD
850.00USD+ (212.50) buyer's premium + applicable fees & taxes.
This item SOLD at 2024 Jan 28 @ 13:44UTC-8 : PST/AKDT

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Very rare, and possibly unique stock from the Sacramento Street Wharf Co., cert #55, issued June 10, 1852, to George Marye for one share, signed by CM Hutchinson as president Uncancelled, Herald Print, SF.
The Sacramento Street Wharf Co. was one of a number of wharf companies that operated or controlled certain wharfs and/or boat slips at the end of, or along certain main streets where they footed at the Bay. In this case, the Sacramento Wharf folks got into some trouble when the day after this cert was issued, the company took complete control of Sacramento Street below Davis street, and charged a toll to anyone using the street, regardless if they had a store on the street or a slip in the wharf, any of which were also controlled by this company. People objected, a suit ensued, and the practice came to a standstill. Perhaps Mr. Mayre thought the company was about to come into significant extra cash flow when he purchased this cert that day. (Daily Alta reports)

City: San Francisco,
State: California San Francisco California