Eureka & Colorado River Rail Road Co (83774)

Currency:USD Category:Collectibles / Railroadiana, Trains Start Price:250.00 USD Estimated At:500.00 - 1,500.00 USD
Eureka & Colorado River Rail Road Co  (83774)
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A railroad connecting Eureka and the Colorado River? Is it s joke? Is it a scam? No and just ask the Denver and Rio Grande! In 1881 this Rail Road company began selling stock to the people of Eureka. A trunk line to a major road would make their life better and their producing mines more profitable. The Denver & Rio Grande must have thought so, because in 1881 they purchased the line for $50.000 with the expected destination to connect to their main line somewhere near Iron Mountain in Utah. So this was no joke. The Eureka Sentinel reported that the superintendent "asserted" that 30 miles of track will be in operation by Christmas. Currently there are two gangs of men working and that force will be increased from day-to-day. So it was not a scam. But it was also not a good investment as it dried up in the Nevada desert.

75 shares of Eureka & Colorado River Rail Road Co stock, cert. # 28 issue to Hiram Johnson. Dated May 17, 1882. Incor. Jan. 5, 1881 in Eureka, NV. Nice railroad train vignette. Not listed in Cox. Hiram Warren Johnson (Sept. 2, 1866 – Aug. 6, 1945) began as a leading American progressive. He became a Liberal Isolationist Republican politician from CA. Johnson was the 23rd Gov. of CA from 1911 to 1917, than a U. S. Senator from 1917 to 1945. Ran as 1912 vice-president on Theodore Roosevelt's ticket. Johnson won the 1910 California gubernatorial election with the backing of the Lincoln–Roosevelt League. He introduce a railroad commission and joined forces with Roosevelt and other progressives to form the Progressive Party and won the party's 1912 vice presidential nomination. Party had one of the best performances by a third party in the history of the U.S., finishing second in both the popular and electoral vote. Johnson won election to the Senate in 1916, becoming a leader of the chamber's Progressive Republicans. He remained in the Senate until his death in 1945. Printed: A.L. Bancroft & Co. Lith S.F. Prag collection. State: Nevada City: Eureka Date: