633

***Auction Highlight*** 1890's Unissued Stock Certificate Northern Pacific Railroad Company Stock Ce

Currency:USD Category:Coins & Paper Money Start Price:200.00 USD Estimated At:375.00 - 750.00 USD
***Auction Highlight*** 1890's Unissued Stock Certificate Northern Pacific Railroad Company Stock Ce
***Auction Highlight*** 1890's Unissued Stock Certificate Northern Pacific Railroad Company Stock Certificate #A1647 Professionally Mounted & Framed. The Cost Of Mounting And Framing This Alone is over $100. Certificate for shares of common stock connected with the reorganization of the Northern Pacific Railroad Company by the firm of J. P. Morgan and others in 1896. The Northern Pacific Railroad was chartered in 1864 to build a line from Lake Superior to the Pacific Coast. The railroad was granted 57 million acres to construct the line through the northern Great Plains and Rockies, terrain General William T. Sherman described as "bad as God ever made, or any one could scrape up this side of Africa." By 1871 the line was being surveyed through Sioux lands in the Black Hills, and Sitting Bull and others attacked the surveyors and white settlers. This caused the dispatch of federal troops to the area, and eventually led to the Black Hills War and the defeat of Custer by Sitting Bull at Little Bighorn in 1876. Despite these and additional financial setbacks, the Northern Pacific Railroad was completed in 1883. Sitting Bull delivered a bitter speech at the opening ceremonies. The railroad fell into receivership in 1893 and was reorganized soon after by J.P. Morgan and others. The certificate bears a small vignette of a young woman holding a feather and pillow. A Corey's Pick, Bid to Win Coin