1500

NV, Palisade-Eureka County-Eureka Nevada Railway Stock Certificate

Currency:USD Category:Collectibles / Railroadiana, Trains Start Price:150.00 USD Estimated At:300.00 - 500.00 USD
NV, Palisade-Eureka County-Eureka Nevada Railway Stock Certificate
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Holabird-Kagin Americana Office
3555 Airway Drive Suite#309
Reno, NV 89511
Thursday April 11, 10am-6pm
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Friday & Saturday
April 12-13, 2012
9am PDT starting time, both days

Location
Atlantis Casino & Resort
Grand Ballroom #4
3800 S. Virginia Street
Reno, NV 89502

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Holabird-Kagin Americana Office
3555 Airway Drive Suite #309
Reno, NV 89511
Sunday April 14th, 10am-1pm

This is a stock certificate issued to Nevada Associates, Inc. for 995 shares of stock at $100 per share in the Eureka Nevada Railway Company. The stock is dated September 28, 1929, it is signed by both the president and secretary of the company (illegible). Other than some fold marks, the certificate is in excellent condition.

The Eureka and Palisade Railroad was a narrow gauge railroad, constructed in 1873-1875 between Palisade and Eureka, Nevada, a distance of approximately 85 miles (137 km). The railroad was constructed to connect Eureka, the center of a rich silver mining area, with the national railway network at Palisade.

Later corporate reorganizations brought on by financial difficulties saw the line operated as the Eureka and Palisade Railway and the Eureka Nevada Railway.The Eureka and Palisade Railroad was built in 1875 to carry silver-lead ore from Eureka, Nevada, to the Southern Pacific Railroad trunk line that ran through Palisade. Nevertheless, despite the determined and colorful management style of John Sexton, the line succumbed to the effects of flood, fire, competing road traffic, and dwindling amounts of ore extracted in Eureka. The rails and rolling stock of the last surviving narrow-gauge railroad in Nevada were removed in 1938. HKA#63694