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Cincinnati, New Orleans & Texas Pacific Railway Company

$29.00

SKU: 525gr
Product Details

 

Intricately engraved antique stock certificate from the Cincinnati, New Orleans & Texas Pacific Railway Company dating back to the 1910's. This document, which was printed by the Strobridge Litho. Co., is signed by the company Vice President and Assistant Secretary (green piece). 

 

This certificate's beautiful vignette features a train steaming through the countryside past two women and a man.

Images

You will receive the exact certificate pictured.

    Historical Context

    This line opened completely in 1880, and was financed by the city of Cincinnati. Construction was spurred by a shift of Ohio River shipping, very important to the local economy. Fearing the loss of shipping traffic, and the local salaries and tax revenue that came with it, the city recognized the need to remain competitive. The Ohio Constitution forbade cities from forming partnerships in stock corporations. So the city, led by Edward A. Ferguson, took upon itself the building of the railway.

    With wide popular approval, city voters voted for $10 million in municipal bonds in 1869 to begin construction. With 337 miles of track and many tunnels to construct, another bond for an additional $6 million was necessary. Some portions were open by 1877, but the entire line would not open until February 21, 1880. The last spike was placed on December 10, 1879. It officially opened for passenger service on March 8, 1880.

    After two years of leasing the property to local companies, in 1881 the city entered a 25-year lease to an entity called Cincinnati, New Orleans and Texas Pacific Railway, which was held by an English corporation controlled by German-born Parisian banker Frédéric Émile d'Erlanger. Soon Erlanger would come to hold all five segments of railroad from Cincinnati to New Orleans, and west from Meridian, Mississippi to Shreveport, Louisiana. This was dubbed the Queen and Crescent Route, connecting the Queen City to the Crescent City.

    Erlanger sold his interest in 1890. In 1894 the CNO&TP was one of many properties reorganized by Samuel Spencer into the vastly expanded Southern Railway.

    The railroad inaugurated a named passenger train for the route, the Queen and Crescent Limited, in 1926. Never a financial success, the train carried both coaches and Pullman sleepers and a dining car. The train was discontinued in 1949.