California Eastern Extension Railroad Company Bond, 1850s [155354]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:250.00 USD Estimated At:500.00 - 1,000.00 USD
California Eastern Extension Railroad Company Bond, 1850s [155354]
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Very rare. $1,000 bond. No. 61. Oct. 1st, 1859. The company owes the money to A. Boody of New York and James Lawrence English of Sacramento. "Borrowed to aid in the construction of their Rail Road from a point on the California Central Railroad near to Auburn Ravine on said Road, eastwardly to the foothills of the Sierra Nevada mountains in the County of Placer..." Signed by president Edward McLean and secretary J.L. Trask. Not cancelled. Black border with a vignette of George Washington and another man. Great larger vignette of train passing by river in the mountains where men are prospecting. Smaller vignettes of eagle and allegorical scene. Lith. of Britton & Co., San Francisco. 39 coupons remaining. Folds. 21 x 15.5" The California Eastern Extension Railroad was to run 15 miles from Lincoln to Auburn, California. The company purchased a townsite near Gold Hill which was to be developed east of Lincoln. When other railroads arrived in California, they were unable to raise the necessary funding for completing the construction. Theodore Dehone Judah was the chief engineer for the California Central Railroad. He later convinced a certain group of Sacramento merchants (Huntington, Hopkins, Stanford, and Crocker) to fund the Central Pacific RR.

Date: 1859
Country (if not USA):
State: California
City: Placer County