Rutland & Washington Rail Road Company
Rutland & Washington Rail Road Company
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Product Details
CompanyRutland & Washington Rail Road Company
Certificate Type
Mortgage Bond
Date Issued
July 1, 1852
Canceled
Yes
Printer
Loutrel, Stationer
Signatures
Hand signed
Approximate Size
13" (w) by 11 1/2" (h)
Images
Show the exact certificate you will receive
Guaranteed Authentic
Yes
Additional Details
8 coupons remain attached at bottom
Reference
Historical Context
In October 1850, the Rutland and Washington Railroad ran its first passenger cars, a special trip to the Rutland County Agricultural Fair in Castleton. One passenger was not too pleased by the one open car (smelling of sheep) and by the two small passenger cars with unplanned hemlock benches on steel springs. A railway official responded that this was a special train, run at a return-ticket cost of fifty cents per person, with cars procured on an emergency basis; on the second day, the passenger cars had fine velvet seats. The 9-mile trip took 40 minutes in the morning, and 30 minutes on the return trip.
This line also was the very first railroad the infamous Jay Gould invested in, when in 1860 he bought the bonds of the Rutland and Washington railroad at ten cents on the dollar, abandoning every other interest and putting all his money into railroad securities. Mr. Gould said "I still retained my early love for engineering and I was watching the railroads. After the panic (of 1857) everything went down very low, and I found a road whose first mortgage bonds were selling at ten cents, the Rutland and Washington Railroad, running from Troy, NY to Rutland, VT. I bought a majority of the bonds at ten cents, and left everything else and went into railroading. That was in 1860. I took entire charge of that road. I learned the business, and I was president, treasurer and general superintendent, and owned a controlling interest."
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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!
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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.
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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.
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Returns
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