Texas, Sabine Valley and Northwestern Railway Company
Texas, Sabine Valley and Northwestern Railway Company
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Product Details
Texas, Sabine Valley and Northwestern Railway Company
Certificate Type
First Mortgage Gold Bond
Date Issued
July 2, 1888
Canceled
Yes
Printer
American Bank Note Company
Signatures
Hand signed
Approximate Size
9 1/4" (w) by 15" (h)
Additional Details
NA
Historical Context
The Texas, Sabine Valley and Northwestern Railway Company was chartered on October 3, 1887. The railroad was planned to connect Longview with Sabine Lake in Jefferson County and with some point in Lamar County. The railroad had a capital stock of $1,000,000. The principal place of business was in Longview.
The members of the first board of directors were George D. Harrison, James M. Mobberly (Moberly), Richard J. T. Vans, and Andrew Taylor, all of Longview; Thomas Hull of Carthage; Charles M. Whitney of New Orleans; and Nelson L. Easton and Frank M. Lanchar, both of New York City. Lanchar owned most of the shares in the railroad.
In 1888 the railroad acquired twenty-one miles of the Galveston, Sabine and St. Louis Railway Company running between Longview and Martins Creek and constructed fifteen miles between Martins Creek and Carthage.
On September 20, 1893 the company was placed in the hands of a receiver and sold under foreclosure on June 7, 1897, to D. D. Durham, G. T. Merrill, F. T. Rembert, and the Grigsby Construction Company, who reconveyed the property to the TSV&N.
In 1903 the TSV&N owned four locomotives and twenty cars and reported passenger earnings of $28,000 and freight earnings of $122,000. The company operated the Texas and Sabine Valley Railway running from Carthage to Boren, 2.2 miles, from 1893 to December 26, 1904. It also leased the Marshall, Timpson and Sabine Pass Railroad operating between Carthage and Timpson, 19.1 miles, from 1901 to December 26, 1904. On December 27, 1904, the TSV&N was sold to the Texas and Gulf Railway Company.
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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.
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. Â
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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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We ship the majority of orders via the USPS, with domestic orders using the Ground Advantage service.
Shipping is calculated during checkout. Upgraded services such as Priority and Express Mail, as well as UPS and DHL options, are also available.
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Returns
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Any shipping charges collected on the original order are not eligible for a refund.