2528

Silverton, Ophir & San Miguel Toll-Road Co. Of Colorado Stock Certificate [156422]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:500.00 USD Estimated At:1,000.00 - 3,000.00 USD
Silverton, Ophir & San Miguel Toll-Road Co. Of Colorado Stock Certificate [156422]
SOLD
600.00USDto e********5+ buyer's premium (150.00)
This item SOLD at 2022 Oct 14 @ 14:41UTC-7 : PDT/MST
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This is the first time we've offered this. An extremely rare Colorado toll road certificate! Inc. in Colorado, March 1882. No. 40, issued for 25 shares to James Caldwell on Nov. 24th, 1882 in Silverton. Signed by president SD Whittemore and secretary JP Newell. Not cancelled. Black border and print with three vignettes including a great stagecoach vignette with a Conestoga wagon in the background. Printed by Spaulding, Cotton & Co., Boston. Folds, toning.

This company was the successor to the Silverton & Ophir Tollroad Company, which was formed to connect Silverton and Ophir and completed construction of a road in October 1881. "Its completion will bring to our city the vast mineral production of the Upper San Miguel and Howard Fork districts, and will settle beyond all doubt the question of the metropolis of San Juan and Southern Colorado..." [Dolores News, June 18, 1881]. There was also an earlier company known as the Silverton, Ophir & Rico Toll-Road Company, which was incorporated in 1879. A road over Ophir Pass was first proposed in 1878. In the spring on 1885, the county called on the Silverton, Ophir & San Miguel Toll-Road Company to make repairs to the road or the county would do it and bill them for the costs. If the company failed to pay back the county, the county would take possession and it would become a public road. On July 6, 1885, the county took over the toll road and made the repairs. Soon after, Otto Mears was given a contract to maintain the road and collect tolls.

Date: 1882
Country (if not USA):
State: Colorado
City: Silverton
Provenance: