Archives International Auctions Sale 64 U.S., Chinese & Worldwide Scripophily; U.S. & World Coins; Medals January 27, 2021
Archives International Auctions - Sale 64 81 January 27,2021 Archives International Auctions www.archivesinternational.com Florida 443 443 Southern Inland Navigation & Improvement Co., 1871 Issued Bond Florida. $1,000 I/U 7% 1st Land Grant Convertible Construction Coupon Bond, Black print on green border and under tint on large sized certificate, VF-XF condition, Cowan & Co. Stationers. ���������������������������������������������������������������������������������������� Est. $325-650 Illinois 444 444 Cairo City and Canal Co. 1838 I/C $1000 6% Coupon Bond. Cairo, Illinois, 1838, $1000 6% Coupon Bond, Ink Cancelled with ink burn in cancellation areas, Fine to VF condition. Rare and very early Canal Bond. The city is located at the confluence of the Ohio and Mississippi rivers. Fort Defiance, a Civil War camp, was built at the confluence in 1862 by Union General Ulysses S. Grant to control strategic access to the river. Cairo has the lowest elevation of any location in Illinois and is the only Illinois city to be surrounded by levees. It is in the area of Southern Illinois known as Little Egypt. The first municipal charter for Cairo and for the Bank of Cairo were issued in 1818, but without any settlement and without any depositors. A second and successful effort to establish a town was made by the Cairo City and Canal Company in 1836–37, with a large levee built to encircle the site. Historic bond issued in 1838 when the town was formed. ������������������������������������������������������������������������������������������������������������ Est. $200-350 Indiana 445 445 State of Indiana, 1852 I/UWabash and Erie Canal Stock Certificate Indiana, 1852. $1100.00 I/U 5% Preferred Special Canal Stock Certificate #302, Blue text with ornate blue border. VF condition. The Wabash and Erie Canal was a shipping canal that linked the Great Lakes to the Ohio River via an artificial waterway. The canal provided traders with access from the Great Lakes all the way to the Gulf of Mexico. Over 460 miles long, it was the longest canal ever built in North America. In 1846 Charles Butler, representing the canal bondholders, proposed that the state turn responsibility of the canal over to the bondholders in exchange for bondholders assuming half the debt and the land granted for construction. Butler also proposed that the state issue new bonds at 4 percent yearly interest for the other half of the debt, with an option for the state to redeem the certificates at its discretion. This ended state control of the canal and put the Wabash and Erie Canal in the hands of private trustees by 1847. The most successful years for the canal were between 1847–1856. Its peak year was 1852 when tolls reached $193,400. Eventually, cheaper, faster, and more convenient trains made the canal obsolete. Portions south of Terre Haute were closed by 1860; the decline continued until 1876 when the canal was officially auctioned off by the trustees and closed. �������� Est. $140-250 Maine 446 446 RocklandTransportationCo. 1922 Specimen Bond. Maine, 1922, $1000, Specimen 1st. Mortgage 6 1/2% Marine Equipment Gold Bond certificate, Blue border with Steamship and Sail Ships vignette, Red Specimen overprints, POC’s, Coupons attached, XF condition, ABNC. ������������������������������������������������������������������������������ Est. $110-180 Maryland 447 447 Baltimore&PhiladelphiaSteamboatCo. 1892 I/UStockCertificate Signed by John Cadwalader as President Maryland, 1892. 6 Shares I/U Capital Stock Certificate, Black text with black border. VF condition. John, son of Judge John and Henrietta Maria (Bancker) Cadwalader, was born in Philadelphia, June 27, 1843. He entered the University of Pennsylvania, graduated A.B., class of 1862, received A.M. in course in 1865. He was admitted to the Philadelphia bar in 1864 and practiced in all State and Federal courts of the district. He acquired large financial interests, and was identified with many Philadelphia institutions, philanthropic, patriotic and social, and from 1889 to 1897 was president of the Trust Company of North America. He was president of the Philadelphia and Baltimore Steamboat Company; manager and president of Philadelphia Institution for the Blind; served as school director, 1875-1885; was collector of the Port of Philadelphia, 1885-1889, appointed by President Cleveland; was jury commissioner. United States Circuit Court; and in all things honorable, upright and honored. Through the distinguished service of his ancestors he gained admission to the patriotic orders, and was president-general of the Society of the War of 1812, and belonged to the Pennsylvania Society, Sons of the Revolution. He was also a member of the Historical Society of Pennsylvania, the American Philosophical Society, and vice- president of the Academy of Natural Sciences of Philadelphia, serving as a member of the council. In political faith he was a Democrat. He belonged to the Metropolitan Club of Washington, the University of Philadelphia, of which he was president; the Rittenhouse, Art. Penn and Philadelphia Country. ������������������������������������������������ Est. $130-200
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