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Holman Locomotive Speeding Truck Co Stocks (2)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:50.00 USD Estimated At:100.00 - 200.00 USD
Holman Locomotive Speeding Truck Co Stocks (2)
SHIPPING & HANDLING: Shipping and Handling cannot be estimated prior to invoicing, based on the size and weight of your purchase. All shipping is subject to a minimum charge of $19.00. If additional shipping and handling costs are required, the buyer will be reinvoiced for the balance due. Items are not shipped until the invoice is completely paid. Many buyers purchase a number of lots. Every effort will be made to include all lots in a single shipping charge calculated to cover the weight and size of the package(s). NOTE: Some shipments (of unusual size, dimension, or weight) may require sp...
#8921 L Johnson 1 share 1897, #1366 John Stein 10 shares 1908. Both signed by President WJ Holman. This company was a scam. " The first locomotive appeared in 1887, designed by the Holman Locomotive Speeding Truck Company. The wheels were placed atop 2 sets of extra wheels and rollers, but the company claimed it increased speed and would be the locomotive of the future. The design shows no gearing that would notably increase speed, but did cause heavy slippage and increased top heaviness. It was immediately assailed by practical railroad men. The engine was run a few trips on a straight railroad in New Jersey, which was used merely as a stimulant to stock selling. Unfortunately many people with limited savings were allured, into investing their hard earned money in this swindle. The company attempted to raise $10 million by selling fake shares of stock at $25 per share. Many people fell for the swindle and lost their hard-earned money when the inventors as well as the locomotive disappeared." from reddit.com. Vignette of the multi wheeled locomotive. Prag Collection. State: City: Date: 1897-1908 HWAC# 83235