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Accessory Transit Co. (of Nicaragua), Issued Bond.

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:240.00 USD Estimated At:400.00 - 800.00 USD
Accessory Transit Co. (of Nicaragua), Issued Bond.
SOLD
1,050.00USDto f***r+ buyer's premium. + applicable fees & taxes.
This item SOLD at 2012 Oct 20 @ 15:22UTC-4 : AST/EDT
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Nicaragua (Incorporated and offices in NY), 1855, $1000, I/U bond, #13, black on thin off white paper, steamship in middle, 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 the 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.