NOT SOLD (BIDDING OVER)
0.00USD+ applicable fees & taxes.
This item WAS NOT SOLD. Auction date was 2010 Jul 12 @ 10:00UTC-4 : AST/EDT
Stock certificates from the United States and other countries around the world. Items offered cover a wide variety of collecting topics including automotive, railroads, mining, autographed and much more.
1840, Illinois. Illinois & Michigan Canal Stock certificate for 100 pounds Sterling. Signed by THOMAS CARLIN (1789-1852) Governor of Illinois: “Tho. Carlin”. Vignettes of steamers, allegorical women and agricultural scenes grace the whole of the document. The ILLINOIS & MICHIGAN CANAL was an ambitious project to link the Great Lakes and the Mississippi River. Construction began July 4, 1836 and was completed in 1848. This stock bearing 6 percent interest was issued four years into the project to help build capital for the grand internal improvement project and was aimed at English investors. “During its first season Chicago became the nations largest inland port. Grain and coal from Illinois, sugar molasses and coffee from New Orleans, and lumber from Wisconsin and Minnesota soon shipped through the canal to Chicago. The canal terminus and port at Chicago attracted trunk railroads. In the decade following the opening of the canal the City was firmly established as the nations’ rail hub. The Illinois and Michigan was the last major canal constructed in the United States. In the decades following its opening the railroad gained supremacy as the nation’s mode of shipping and transportation. Passenger traffic ended on the canal soon after its opening.” (Source: Currey. Chicago: Its History and its Builders. Chicago, 1912.) Some paper loss at lower left and right. Stamp, pen and punch cancelled. else Fine. A very rare, vary attractive stock with an adventurous history.
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