682

Entre Rios Eastern Railway Company

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:0.00 USD Estimated At:400.00 - 800.00 USD
Entre Rios Eastern Railway Company

Bidding Over

The auction is over for this lot.
The auctioneer wasn't accepting online bids for this lot.

Contact the auctioneer for information on the auction results.

Auction Date:2010 Apr 15 @ 11:00 (UTC-4 : AST/EDT)
Location:Crowne Plaza Hotel. 401 South Van Brunt St, Englewood, New Jersey, 07631, United States
Argentina (Massachusetts Inc.), 1881, $1,000. 6% Gold 1st Mortgage Gold Bond. Issued and uncancelled. Burnt orange border with locomotive and steamboat at dock vignette, Horizontal bond with coupons. Columbian Bank Note Co, Wash. D.C., XF, Printed in English. Unlisted in Cox. Rare if not unique. Discovered in an old Massachusetts estate 12 years ago at auction, this was the only piece found. This 1907 letter was found that gives a considerable amount of information about the railroad "The National Government, by law No. 1551, of October 7, 1884, made Messrs. Javier Arrus & Co. grantees of the Entre Rios Eastern Railway Company, which runs from Concordia to Gualeguaychu, and this concession was confirmed by the decree of the government of the Province of Entre Rios on August 23, 1872, which province guaranteed 6 per cent annually on the effective cost, fixing the cost per kilometer of this railway at $23,557.50 national gold money by decree of November 12. 1880. However, as the grantees did not fulfill the contract, and by virtue of law No. 2716, of September 5. 1889, by which all concessions whose terms had not been fulfilled by the grantees were canceled, said concession was therefore canceled, ..." Rare if not unique.