Indiana Coal and Railway Company (Early Rail Fraud)
Indiana Coal and Railway Company (Early Rail Fraud)
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Product Details
Company | Indiana Coal and Railway Company |
Certificate Type | First Mortgage Bond |
Date Issued | April 2, 1881 |
Canceled | No |
Printer | Henry Seibert & Bros. |
Signatures | Hand signed |
Approximate Size |
16 3/4" (w) by 12 3/4" (h) |
Product Images |
Show the exact certificate you will receive |
Authentic | Yes |
Additional Details | 60 coupons (a full page) remain at the bottom margin. This bond has full margins! It is just too big for a scanner to show them completely. |
Historical Context
This line was incorporated in the state of Indiana on April 1, 1881 - allegedly to build an 80-mile line from Terre Haute to Columbus, Ohio. Bonds were issued in both the United States and London.
But, as time passed, there was no progress made on the line, so investors started investigating the company's principles - President George W. Stanton and Secretary H. Walter Woollett - both of whom have signed this bond.
Company filings indicated the two men were from New York, but neither could be located. Further investigations determined that no right of way had ever been filed for the company's proposed route.
Needless to say, the line was never built.
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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.
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