Chesapeake and Ohio Grain Elevator Co. 1882 I/C Bond Signed by Collis P. Huntington

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:50.00 USD Estimated At:100.00 - 200.00 USD
Chesapeake and Ohio Grain Elevator Co. 1882 I/C Bond Signed by Collis P. Huntington
70.00USD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2020 Dec 10 @ 16:34UTC-4 : AST/EDT

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New Jersey, 1882. $1000 I/C 6% First Mortgage Gold Coupon Bond, Black text with orange underprint, Train passing by working farm and building at top center. POCs, VF condition. Signed by Collis Potter Huntington (1821-1900) as President. Huntington was an American industrialist, and was one of the Big Four of western railroading who invested in Theodore Judah's idea to build the Central Pacific Railroad as part of the first U.S. transcontinental railroad. Huntington then helped lead and develop other major interstate lines such as the Southern Pacific Railroad and the Chesapeake & Ohio Railway (C&O), which he was recruited to help complete. The C&O, completed in 1873, fulfilled a long-held dream of Virginians of a rail link from the James River at Richmond to the Ohio River Valley. The new railroad facilities adjacent to the river there resulted in expansion of the former small town of Guyandotte, West Virginia into part of a new city which was named Huntington in his honor. Huntington, from his base in Washington, was a lobbyist for the Central Pacific and the Southern Pacific in the 1870s and 1880s. The Big Four had built a powerful political machine, that he had a large role in running. He was generous in providing bribes to politicians and congressmen. Revelation of his misdeeds in 1883 made him one of the most hated railroad men in the country. In 1968, he was inducted into the Hall of Great Westerners of the National Cowboy & Western Heritage Museum.