The Atlantic-Pacific Railway Tunnel Company Stock Certificate

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:100.00 USD Estimated At:0.00 - 0.00 USD
The Atlantic-Pacific Railway Tunnel Company Stock Certificate
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Scheme! No. 491, issued for 10 shares in Denver on May 6, 1891. Inc. in Colorado, 1890. Signed by Pomeroy as president and the assistant secretary, Not cancelled. Maroon border and font, gold seal. These stocks were issued as part of a plan to drill a tunnel through Mt. Kelso, located about 60 miles from Denver, thus making the trip to Salt Lake City 250 miles shorter. An 1896 New York Times article describes that stockholders are declaring the company a fraud, given that only one fourth had been completed before the company was sold. At that point, Pomeroy was dead: "'Brick' Pomeroy, who died in poverty in this city a few months ago, was during much of his life absorbed In various schemes in Western towns." (Prag Collection) City: Denver State: Colorado Date: 1891 ID# 34178