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Two John Mackay Telegraph / Cable Company Stocks (113778)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Industrial Start Price:30.00 USD Estimated At:60.00 - 90.00 USD
Two John Mackay Telegraph / Cable Company Stocks   (113778)
SOLD
85.00USD+ (21.25) buyer's premium + applicable fees & taxes.
This item SOLD at 2020 Oct 31 @ 11:50UTC-7 : PDT/MST
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Lot of 2 different. These companies were related to Mackay's businesses after he was so successful in mining on the Comstock Lode. 1) The Commercial Cable Company. No. 394, issued for 2,500 shares to HS Strathy on Feb. 13, 1897. Signed by the vice president Ward and secretary Beck. Stamp cancelled. Vignette of cable lines laid across the Atlantic Ocean from New York to London, labelled the Mackay-Bennett System. This company was started in 1884 by Mackay and Bennett to try and take power away from Jay Gould and his monopoly on the telegraph industry. 2) Postal Telegraph and Cable Corporation. Issued in 1937 for 25 shares. Not cancelled. Brown border, black print, and allegorical vignette. This company was a consolidation of the Mackay telegraph companies.

Date: 1897, 1937
Country (if not USA):
State: Nevada
City:
Provenance: Ken Prag Collection