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.
1899, California. Stock certificate for on share issued to and signed on verso by EDWARD PAYSON RIPLEY (1845-1920) Fourteenth President of the Atchison, Topeka & Santa Fe Railway. Green / Black. Vignette of locomotive at top center. Orange underprint. Ornate green border. Two revenue stamps affixed to verso. Attached to certificate is a typed statement also signed by EDWARD P. RIPLEY. Punch and stamp cancellations do not affect Ripleys’ signature Edward Ripley first began working in the railroad industry when he took a position as a freight agent for the Pennsylvania Railroad. Two years later, Ripley transferred to the Chicago, Burling and Quincy Railroad as a clerk. Working his way up through a variety of positions, Ripley became the company’s general manager before leaving the company in 1890 in order to accept as post at the Milwaukee Road. When the Atchison, Topeka and Santa Fe Railway emerged from receivership in 1896, Ripley assumed the company’s presidency, a position he retained until 1920. The San Francisco and San Joaquin Valley Railway Company, referred to by some as “The People’s Railroad” due to the company’s practice of selling stocks to local people for as little as one dollar a share, was funded by Claus Spreckels and others as a way of introducing competition into an area of California serviced only by the Southern Pacific. Upon its completion, the SF&SJV Railway, which operated from Bakersfield to Point Richmond, served its purpose admirably, lowering freight and passenger prices throughout the area quickly. Not long after the completion of the railway, Spreckels and his fellow managers, none of whom viewed the railway as a long term business venture, chose to sell the line to the Atchison, Topeka and Santa Fe.
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