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Accessory Transit Co. Stock Certificate.

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:360.00 USD Estimated At:600.00 - 1,200.00 USD
Accessory Transit Co. Stock Certificate.

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Auction Date:2011 Oct 21 @ 20:00 (UTC-4 : AST/EDT)
Location:India House, One Hanover Square, New York, New York, 10004, United States
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The auction will take place at the 3 WEST CLUB at 3 W. 51st Street (at Fifth Avenue), New York, NY 10019
Nicaragua (Incorporated and offices in NY), 1856, 100 Shares, Issued and uncancelled but endorsed on back, black on thin off white paper, steamship in middle, Capital $7,870,000 on left end panel. VF condition. Historic company that was set up by Cornelius Vanderbilt and others during the California Gold Rush in the early 1850's to transport prospects from the East Coast of the U.S. to the West Coast. Travelers would take a steamer from NY to the Mosquito Coast of Nicaragua where they would travel by stagecoach and steamboat to the pacific coast and then onto San Francisco. Accessory Transit offered thee cheapest method of traveling to California, $300 initially and then later reduced to $150 and at its peak was carrying over 2000 passengers per month. After 1857, Vanderbilt approached Pacific and U.S. Mail Steamship Companies that ran a route across Panama and agreed to basically Green mail by stopping his business for a monthly stipend of $56,000. Rare and historic certificate that is missing from most collections.