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Snohomish Valley Railway Company

$60.00

SKU: 7425
Product Details

Intricately engraved antique stock certificate from the Snohomish Valley Railway Company dating back to the early 1900's. This document, which is signed by the company President and Secretary, was printed by Goes and measures approximately 10 3/4" (w) by 8 1/2" (h).

 

The vignette on this piece features an eagle on a dome. There is a nice underprint of Liberty at the bottom center.

You will receive the exact certficate pictured.

 

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.