SOLD
6,000.00USDto floor+ buyer's premium
This item SOLD at 2006 Dec 12 @ 15:13UTC-05:00 : EST/CDT
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<B>Arizona & New Mexico Express </B>1875. #51. <B>100 shs. </B>Green. Stagecoach follows express rider, mill and mountains in the distance. Portrait of Henry Wlles, left. Signed by <b>Henry Wells</b> as president. A clean uncancelled signature. <B>VF</B>.* <BR> <b>Henry Wells </b>(1805-1878) was an important American businessman. He was responsible for hiring William Fargo and organizing the American Express Company. In 1851 the partners founded Wells, Fargo and Company and held a near monopoly on banking and express services in California.
On March 12, 1875 a group of important businessmen gathered at the Horton House in San Diego. At this meeting were Henry Wells, Hon. H.S. Stevens, delegate from Arizona, William Zeckendorf of Tucson, Jarvis C. Truman of Binghampton, NY and several other eastern businessmen. The men recognized a need for an express service to reach deep into Arizona and New Mexico Territories and provide service to miners and ranchers. The company they formed was organized to operate from San Diego to the territorial capital at Tucson with an eventual extension into New Mexico. The move was well timed as it preceded the discovery of silver at Tombstone in 1877 and the discovery of copper at Bisbee in 1877. The company held a near monopoly on service until the arrival of the Southern Pacific Railroad in 1880. This was a small closely held organization with an initial capitalization of $200,000 divided into only 5000 shares. This is the first example we have seen or offered from this <b>Western Rarity </b>and believe it to be the only example available to the collector's market. The importance of this find should not be underestimated, a<b> Rare Opportunity.</b>
Auction Location:
2 Rector Street, 12th Floor, New York, New York, 10006-1844, United States
Previewing Details:
Lots are available for viewing in Smythe’s offices at 2 Rector Street, 12th Floor, on the following days during the hours listed:
December 6-8, 10 am – 4 pm EST
December 11, 9 am - 4 pm EST
December 12, 9 am – 6 pm EST
December 13, 9 am – 1 pm EST
Taxes:
| Tax | Rate | Desc. |
| NYST |
8.38% |
NYC Tax |
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
20% |
Additional Fees:
Shipping Details:
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Payment Details:
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Accepted Payment Methods:
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Terms of Sale
1) A 20% buyers charge will be added to the hammer price of each lot purchased.
2)All bids are per lot as numbered in this catalogue.
3)Bids less than 60% of the estimate will not be accepted.
4)SMYTHE reserves the right to withdraw any lot prior to sale.
5)All successful bidders shall be billed for postage, handling and insurance.
6)SMYTHE cannot be responsible for the loss of any merchandise shipped outside the United States.
7)All framed items are shipped at the purchaser’s risk.
8)SMYTHE reserves the right to reject any bids not made in good faith and further reserves the right to ban any bidder from participation in its sales for any reason deemed appropriate at SMYTHE’S sole discretion.
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10)United States coins and currency will not, in conformity with law, be opened at less than face value.
11)No “buy” or “unlimited” bids will be accepted. We will act as agents for all mail bidders in the sale. Mail bids will be opened at the next interval over the second highest bid except where the intrinsic or regular market worth of the item dictates an opening at its fair market value. Floor bidding intervals will have an average increment of about 5% at the discretion of the auctioneer.
12)In the case of a tie between a mail bidder on the book and a bidder on the floor, the mail bidder shall take precedence.
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14)Check your bid sheets carefully. SMYTHE can not assume any responsibility for errors made in the amount bid or lot numbers listed. Make sure your bid sheet is signed.
15)No minors may participate in our sales. Agents bidding on behalf of others will be held liable if their principals fail to make payment.
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17)Title does not pass until payment in full is received. SMYTHE reserves the right to await clearance of any check before making delivery.
18)A $100 charge will be applied for any check that fails to clear.
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21)SMYTHE may reopen the bidding on a lot under the following circumstances: 1) SMYTHE has failed to execute correctly a mail bid. 2) A party purchasing the lot on the floor has done so in error. 3) Where a protest is made after the hammer has fallen but before bidding has commenced on the next lot. 4) Where the auctioneer has determined that he has overlooked a party still bidding on the lot but before the calling of the next lot. 5) At the discretion of the auctioneer.
22)In the event of dispute, the auctioneer’s decision is final.
23)New York State sales taxes or other state sales or use taxes shall be levied, as required by law. Dealers and other non residents are reminded that sales tax must be collected unless Form ST-128.1 has been filed properly, under regulations effective 1 December 1982.
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27)SMYTHE assumes no liability for merchandise lost, stolen or damaged while in the possession of a party to whom merchandise has been shipped. The purchaser is solely responsible for the safe keeping and insurance of any items in their possession.
28)All accounts are payable to SMYTHE in U.S. funds and remittances must cover the service charges for foreign drafts which shall be added to each invoice.
29)All material in this catalogue is unconditionally guaranteed to be genuine. We will not knowingly sell any item that has been “repaired”, “restored”, “processed”, “cleaned”, “pressed”, or “conserved” in any way without disclosing those facts to the potential buyer.
30)Agents who bid from the floor for clients should examine the lots carefully, and are reminded that no lots may be returned by floor bidders except for non-authenticity. Lots described as “repaired”, “corroded”, “holed”, “whizzed”, or like damage may not be returned for any reason except non-authenticity.
31)In cases where a question has arisen as to the authenticity of an item, the purchaser must, before settlement day (30 days after the sale,) notify R.M. SMYTHE of his intention to return the item, confirmed in writing. The item will be examined by a recognized expert; if the item proves authentic, the sale will be consummated. If the item is not authentic, the sale price will be refunded.
32)Mail bidders may return lots for reasons of non-authenticity or improper description within 5 days of receipt or thirty days from the auction’s last day, whichever comes first. Third-party graded coins (i.e. PCGS, NGC, ANACS, ICG ) are sold as is, no returns. Failure to execute this privilege in a timely manner either from a failure to pay promptly or from any other cause shall void it. Lots sold with the proviso ‘sold as is’ cannot be returned. Lots valued primarily for their bullion content may not be returned.
33)The auctioneer reserves the right to postpone the sale by auction for a reasonable period of time as a result of any significant event which, in the sole discretion of the auctioneer, makes it advisable to postpone the event. No prospective bidder or prospective buyer shall have recourse as a result of any postponement.
34)The placing of a bid shall constitute full acceptance of the foregoing Terms of Sale; all bid sheets must be signed by the responsible party.