Snohomish Valley Railway Company
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Product Details
CompanySnohomish Valley Railway Company
Certificate Type
First Mortgage Gold Bond
Date Issued
January 1, 1906
Canceled
No
Printer
Security Bank Note Company
Signatures
Hand signed
Approximate Size
10 1/4" (w) by 14 1/4" (h)
Images
Show the exact certificate you will receive
Guaranteed Authentic
Yes
Additional Details
55 coupons remain attached
Reference
Historical Context
The Snohomish Valley Railway was originally planned as a Great Northern feeder line, organized by a group of Snohomish businessmen.
The road was planned to run from Snohomish to Monroe, then through the Cherry Valley to Novelty, Tolt, Issaquah and Renton. In Renton, it would connect with an existing electric line to Seattle. Form there, the line was to work its way westward to Lowell.
Gold bonds were printed, when the Great Northern decided to build its own feeder line. This met with little objection from the organizers of the Snohomish Valley Railway, who just wanted to the line - regardless of how it came about. The company canceled the gold bonds and called in their agents.
However, one unscrupulous agent, Charles Meeker, kept pumping the bonds to unknowing investors in Europe who had no idea they were worthless. For years, letters came into Snohomish from "investors" wondering what had become of their investment. Some of the locals took to writing back to the duped, explaining they had purchased bonds for a line that was never meant to be.
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Additional Information
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