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The Southern Pennsylvania Railroad Company Bond (1885)

Currency:USD Category:Western Americana / Collectibles - Railroad Start Price:50.00 USD Estimated At:100.00 - 300.00 USD
The Southern Pennsylvania Railroad Company Bond (1885)
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$1000 gold bond, #1687 signed by president Hayne. Not cancelled. Not listed in Cox. Name given to two proposed but never completed Pennsylvania railroads in the 1800s. In 1893, the Southern Pennsylvania Railway, a Pennsylvania Railroad subsidiary which had charter rights along the route, initiated court proceedings to take ownership of part of the South Pennsylvania grade. In 1895, it obtained title to the grade east of Mount Dallas. A little surveying and repair work was done on the route that year, but it was never used, and the grade was sold to the Pennsylvania Turnpike Commission in 1938. City: State: Pennsylvania Date: HWAC# 52627