Previous Lot Next Lot

Auction: 16017 - Bonds and Share Certificates of the World
Lot: 850

Erastus Corning (3 items): a) Detroit and Milwaukee Railway Co. 7% Mortgage Bond $1000, Michigan 1855. #877. Rare. New York Central Railroad Co. 6% Bond, 1853. b) $500, # 1441. Signed as President. c) $1000, #5734. Signed as President, the first with steam train at left, rare, the others with map of the railway at right, the last two hole cancelled, very fine. (3)

Erastus Corning (1794-1872) First dealt in hardware and produced iron parts for railroads. He invested into the Rensselaer Iron Works, were he installed the First Bessemer converter in the United States. Later he invested in several railroad, which later merge to form the largest corporation in America at the time, the New York Central.

Subject to 20% VAT on Buyer’s Premium. For more information please view Terms and Conditions for Buyers.

Estimate
£250 to £350