Name: Cape Cod Ship Canal Company
Brand: Ghosts of Wall Street
SKU: 3807
Price: 495.0 USD
Availability: InStock

Cape Cod Ship Canal Company Bond Certificate

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Only 1 available!
Inventory on the way

Product Details

Company	Cape Cod Ship Canal Company
Certificate Type	Debenture Bond
Date Issued	September 1, 1887
Canceled	No
Printer	Not indicated
Signatures	Hand signed
Notable
Approximate Measurements	14 1/2" (w) by 17 3/4"
Product Images	Show the exact certificate you will receive
Guaranteed Authentic	Yes

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Historical Context

The construction of the Cape Cod Canal, planned since 1624, was begun in earnest in 1883-89 by Frederic Lockwood's Cape Cod Ship Canal Company, which succeeded in excavating a 7,000-foot ditch before going bankrupt. The Cape Cod Ship Canal Company was originally incorporated in 1880, but ran out of money multiple times, resulting in a number of reincorporations before work actually started in 1883.

In 1899 the company's rights were acquired by the Boston, Cape Cod & New York Canal Company, backed, and later acquired, by the New York city subway builder, August Belmont.

The 8-mile canal , engineered by William Barclay Parsons, formerly civil engineer on the Panama Canal Commission, opened for business as a toll route. Three drawbridges, high tolls, shallow depth, and narrow width all discouraged the traffic by which Belmont hoped to make the canal pay.

Despite a toll of as much as $16 for vessels, August Belmont's canal quickly became a money loser. The canal could not accommodate ships with a depth of more than 15 feet, and its swift currents and narrow width further discouraged use by larger ships.

By 1915, Belmont attempted to sell the Cape Cod Canal to the Federal government. The Federal Railroad Administration acquired the canal three years later toward the end of World War I after a German submarine fired on an American tugboat, the Perth Amboy, three miles off the coast of Nauset Beach, Cape Cod.

Improvements later followed, as the landmark Bourne and Sagamore highway bridges over the Canal were completed in Bourne in 1935, as was the monumental Buzzard's Bay vertical-lift railroad bridge. In 1936, dredging to widen and deepen the canal removed ten million cubic yards of earth.

Additional Information

Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!

All of our pieces are original - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.

FAQ

Are the certificates offered on your site genuine or reproductions?

All of the certificates you see on our site are genuine pieces, we do not sell any reproductions.

Are the certificates you sell negotiable on any of today's stock markets or indexes?

No. All of the pieces we sell are either canceled or obsolete and have collectible value only.

Are the images presented in your product listings of the exact piece I will receive?

It depends. We try to present images of the exact piece you will receive whenever possible. However, when we are offering quantities of a piece, this is impossible. Within every product page we detail whether or not you will be receiving the exact certificate listed, or if the image is a representative example of the one you will receive.

How will you ship my order and how much do you charge?

We ship all orders via the United States Postal Service. For orders taking advantage of standard (First Class) shipping within the United States, we offer flat rate pricing, so you pay only the advertised shipping charge regardless of the number of pieces you purchase. Current charges may be reviewed here. USPS International, Priority and Express Mail, UPS and DHL services are also available, and costs are calculated during checkout.

Can I return my purchase?

Absolutely. You may return any merchandise, for any reason, within 30 days of the purchase date for a full refund of the purchase price.

We guarantee all of our pieces to be authentic. If you ever determine that a piece is not authentic, it may be returned for a full refund of the purchase price as well as any associated shipping charges.