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MO. Terre Haute Alton & St. Louis Rail Road Co., 1859, Issued Obsolete Payment Certificate with Low

Currency:USD Category:Coins & Paper Money / Paper Money - United States Start Price:20.00 USD Estimated At:50.00 - 100.00 USD
MO. Terre Haute Alton & St. Louis Rail Road Co., 1859, Issued Obsolete Payment Certificate with Low
SOLD
60.00USDto M******1 (9027)+ buyer's premium
This item SOLD at 2026 Jan 20 @ 12:55UTC-05:00 : EST/CDT
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St. Louis, Missouri.., 1859. $10 Issued Payment Certificate with Interest rate of 6%, Black print with locomotive at top center, S/N 28, XF to AU condition. Hart, Mapothre & Co. Lith. Issued in 1859 by the Terre Haute, Alton & St. Louis Rail Road Co., this payment certificate was used to compensate contractors and suppliers with a promised 6% interest, reflecting the company’s reliance on credit during a major expansion phase of Midwestern rail construction. Railroads of this period frequently issued interest-bearing scrip to bridge funding gaps, making surviving examples an important record of pre–Civil War railroad finance and the economic development of the Mississippi Valley corridor.