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Tioga Coal, Iron Mining & Mfg Co. 1841 [135641]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:10.00 USD Estimated At:60.00 - 120.00 USD
Tioga Coal, Iron Mining & Mfg Co. 1841  [135641]
SOLD
10.00USDto A******S+ buyer's premium (2.50)
This item SOLD at 2024 Jan 26 @ 09:40UTC-8 : PST/AKDT

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Tioga Coal, Iron Mining and Manufacturing Company Capital $150,000, with privelege of increasing to $250,000, in shares of $25 each. No. 202, Corning, N. Y. May 1, 1841. The Tioga Coal, Iron, Mining and Manufacturing Company acknowledges itself indebted to _______(blank) in the sum of $1,000 dollars, being part of a Loan of $75,000 for which the faith of the Company is pledged, redeemable on the Fifth day of November, A. D. 1858; with interest at the rate of six per cent. per annum, payable half yearly on the first days of May and November..... Signed by Bowen Whitney, President, and HW Bostwick, Treasurer. 8.25" x 10.5" Some staining on top border. Very thin paper. According to the 1843 New York State Register, this company, along with the Tioga Navigation Co., merged to form the Blossburg & Corning Railroad. The coal and iron mines were located in Blossburg, PA. The railroad went 40 miles from the mines to Corning. Estimated production of coal in 1841 was 40,000 tons. (Prag Collection) New York