Railroad Stock
Posted in Uncategorized on 02/23/2010 03:20 pm by admin
Panama Had The First True Transcontinental Railroad
The Panama Railroad was completed in 1855. It had the title of the “first transcontinental railroad” because the famous U.S. Transcontinental railway did not exist until 1869, when the rails finally connected to each other at Promontory Summit, Utah.
The Panama Railroad was a considerable improvement in travel, especially when it came to carrying mail through the Panama jungle. Many people, such as a gentleman by the name of Theodore Judah died of tropical disease because of crossing the Panama. The only other way to get supplies from one coast to the other was to sail around Cape Horn by boat and this was a dangerous task. Many individuals having to cross by land or boat would find themselves becoming ill with the ailments of the tropic.
Eventually, the Panama Railroad became a publicly traded company. In the 19th century, shares in a railroad company mostly consisted of stocks. Eventually, the Panama Railroad reached a share price of $295 per share. That made the railroad the highest priced stock at one time. And now, Panama Railroad stock certificates are highly sought after collector’s items. These are great collectible investments that anyone into Scripophily, the collecting of stocks and bonds, can appreciate.
The sheer beauty of these old documents fascinates any collector, but it is the history behind them that makes them even more interesting. In this case, the Panama Railroad is full of it. For instance, there is an estimated 5,000 to 10,000 people who died in the construction of the railroad. The company never had an official count, so it may be higher or lower. Such diseases as Cholera, yellow fever, and malaria struck down the workers who had died during the construction of this massive railroad that connected the Atlantic Ocean to the Pacific Ocean. There were workers from the U.S., Colombia, China, Europe, the Caribbean, and there were also some African slaves included in the construction.
The railway continued to thrive and in the process many stock certificates were signed and issued to shareholders. But it was in 1979 that the railway declined because the U.S. government handed over control to Panama’s government. But after a large rehabilitation project in 2000 and 2001, the single track railroad with some double tracks integrated made it possible for shipping to occur again.
And now there are individuals seeking out the many Panama Railway stock certificates that were issued in the heyday of the railway.
These stock certificates can be found with varying numbers of shares. A Panama Railway stock certificate from 1865 would have the number of shares handwritten in a box at the top of the certificate. By 1881, these certificates would have the number of shares the certificate was worth printed at the printing press. In a way, the 1881 certificate resembles currency. Some of the 1865 certificates had the face of Abraham Lincoln printed upon them since he was the president until April 15, 1865 when he was assassinated.Â
Some of these stock certificates have stamps placed directly upon them. This makes them interesting to stamp collectors as well as stock certificate collectors.
These stock certificates are not just interesting because of the Panama Railroad history, but because of the history and the interesting facts around the certificates themselves.
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Model Railroad VLog: Weathering Rolling Stock using Chalk: Part 3
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1865 Jay Gould Railroad Stock Certificate Doc. Signed $1,000.00 |
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Penn Central Co Railroad Stock Certificates-5000 PIECES $899.99 |
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1886 Northern Pacific Railroad stock – Wm. Rockefeller $750.00 |
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George F. Baker Signed High Bridge Railroad Co. Stock $575.00 |
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1892 GEROGE FOSTER PEABODY Autograph, IL Railroad Stock $499.99 |
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1894 Stone Engraving Plate. 100 $$ Stock. Railroad ???? $499.00 |
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LOT OF RAILROAD ROLLING STOCK, 48 CARS TOTAL!! BOXED $445.00 |
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Jamestown & Northern Railroad Stock I/S William Nelson $325.00 |
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STOCK CERT ATLANTIC & GULF RAILROAD CO ST OF GA $295.00 |
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John Murray Forbes – Railroad Baron Stock Certificate $295.00 |
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Stuyvesant Fish – Railroad Robber Baron – 1885 stock $285.00 |
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Stuyvesant Fish Railroad 1890 Dubuque Iowa stock cert $285.00 |
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2 1886 Sea View Rail Road RR Subway Brooklyn Stock Cert $249.99 |
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1896 Brooklyn Brighton Beach Rail Road Stock Bond Group $199.99 |
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Penn Central Co Railroad Stock Certificates-1000 PIECES $199.99 |
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Staten Island Midland Railroad Stock Certificate $199.95 |
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Lot STOCK CERTIFICATES Railroad, Pan Am, BROKER OWNED $179.95 |
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Boston & Worcester Railroad Stock With RN-T3 Revenue $175.00 |
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Railroad Stock Signed as President by Thomas C. Durant $175.00 |
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1861 Boston & Worcester Railroad Stock Certificate w/IR $175.00 |
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Boston Hartford Erie Rail Road Stock Certificate 1867 $159.99 |
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Railroad Stock Signed By Thomas A. Scott $150.00 |
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UTICA CITY RAIL ROAD (NY) stock certificate – 1880s $150.00 |
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50 Old Different EAST COAST RAILROAD Stock Certicates $150.00 |
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1896 Stock Cert: Northern Pacific Railroad/JP Morgan Co $149.99 |
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C1880 Washington County Railroad RR ME Stock Certif $149.99 |
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C1880 Washington County Railroad RR ME Stock Certif $149.99 |
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1869 Railroad/Trolley Stock: Fort & Elmwood-Detroit, MI $139.99 |
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1939 Stock RR related Eastern Rail Road Co $125.99 |
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1874 PANAMA RAILROAD COMPANY STOCK CERTIFICATE TYPE V $125.00 |
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Northern Pacific Railroad Stock I/S Crawford Livingston $125.00 |
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D&RGW STOCK PENS Model Railroad Structure Kit O On30 $124.95 |
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1899 Stock certificate Mexico Chihuahua Miner Railroad $120.00 |
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ESCANABA IRON MOUNTAIN RAILROAD STOCK COUPON SHEET 1891 $109.00 |
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D&RGW STOCK PENS Model Railroad Structure Kit O On30 $104.95 |
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1891 New York NY&LIRR Long Island Rail Road Stock Cert $99.99 |
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Dover Rockaway Railroad old stock certificate share $99.99 |
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5 -1850′s ‘Providence & Worcester Railroad’ Stock Certs $99.99 |
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Vice President – GARRET A HOBART’s 1896 Railroad Stock $99.99 |
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1861 Stock Certificate: Bald Eagle Valley Rail Road Co. $99.99 |
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BALTIMORE-OHIO RAILROAD CO1935 FRAME STOCK CERTIFICATE $99.95 |
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NEW YORK CENTRAL RAILROAD-1950-FRAME STOCK CERTIFICATE $99.95 |
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1870 PANAMA RAIL ROAD COMPANY STOCK CERTIFICATE TYPE IV $95.00 |
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Atchison & Nebraska Railroad Co. stock certificate $93.99 |
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1925 Pgh Lake Erie Railroad Co stock Cert. with Stamps $89.99 |
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1881 Kalamazoo & South Haven Railroad Co. stock $87.00 |
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AristoCraft G SCALE STOCK CAR “LACKAWANNA RAIL ROAD” $79.99 |
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9 Different Railroad Stock Certificates / Portfolio #18 $79.95 |
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1889 Central South-American Railroad Stock Certificate $75.00 |
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Northern Pacific Railroad Stock I/S by C.A. Spofford $75.00 |
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12 X 18 Stretched Canvas Poster Harrisburg Lancaster Railroad Company Stock $49.99 This image is one a collection of vintage art, this excellent quality and durable Canvas Print measures 12 X 18 inches and arrives ready to hang on the wall with all necessary accessories already in place. The Canvas Print is stretched over a sturdy wood frame for maximum stability and tautness. Canvas prints are Gallery Wrapped. This means that the image will go around the edge of the stretched… |
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30 x 20 Stretched Canvas Poster Harrisburg Lancaster Railroad Company Stock $119.99 This image is one a collection of vintage art, this excellent quality and durable Canvas Print measures 30 X 20 inches and arrives ready to hang on the wall with all necessary accessories already in place. The Canvas Print is stretched over a sturdy wood frame for maximum stability and tautness. Canvas prints are Gallery Wrapped. This means that the image will go around the edge of the stretched… |
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American Federail Canvas Print / Canvas Art – Artist Richard Rizzo This is a beautiful stretched-canvas art print wrapped on 2.5″ thick stretcher bars. The print is professionally printed, assembled, and shipped within 2 – 3 business days from our production facility in North Carolina and arrives ready-to-hang on your wall. Fine Art America is home to more than 35,000 artists from all over the world who entrust us to fulfill their print orders online. We offer a … |
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Rolling Stock – #7 of the Building a Model Railroad series $19.95 … |
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Sand! $13.87 Studio: Music Video Dist Release Date: 10/13/2009… |
