Chicago and Rock Island Rail Road Co., 1866 /C Bond Signed by C.W. Durant as President

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:80.00 USD Estimated At:120.00 - 240.00 USD
Chicago and Rock Island Rail Road Co., 1866 /C Bond Signed by C.W. Durant as President

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Illinois. 1866, $80, I/C, Interest Free Bond Convertible to Shares, Horizontal format, Black print with vignette of locomotive moving l-r top center, VF condition with pink ink cancellation, Thomas Clark Durant (February 6, 1820 Ð October 5, 1885) was an American physician, businessman, and financier. He was vice-president of the Union Pacific Railroad (UP) in 1869 when it met with the Central Pacific railroad at Promontory Summit in Utah Territory. He created the financial structure that led to the CrŽdit Mobilier scandal. During the Civil War, Durant made a fortune smuggling contraband cotton from the Confederate States with the help of General Grenville M. Dodge.[6] When the war ended in 1865, the Union Pacific put extra labor on. It completed nearly two thirds of the transcontinental route. Durant employed Dodge as the chief engineer along the Platte River route. The certificate is also signed by A. J. Hamilton, as trustee, who was also the Governor of Texas until 1866 but it deserves further research. L.H. Biglow & Co.