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Tonopah & Goldfield Railroad 1929 Pass

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:25.00 USD Estimated At:50.00 - 100.00 USD
Tonopah & Goldfield Railroad 1929 Pass
SOLD
60.00USD+ (15.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2018 Dec 09 @ 10:03UTC-8 : PST/AKDT
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This pass is signed by M. B. Cutter, President. He was appointed President in 1909 when the railroad was experiencing difficulties. He immediately downsized the operations (fewer daily trains, sell surplus stock, sold spur lines and unused depots, etc.). One of the great advantages to this was he built up a large cash reserve for a rainy day. By 1911 the railroad had turned profitable under his leadership. But things began to look gloomy in 1923. A long downward spiral would lead to his resignation in 1930. This pass (hand numbered 169) is for section workman C. R. Graham. Since it has been cancelled, I assume he left the employ of the Tonopah & Goldfield before the end of the year. State: City: Date: HWAC# 99627