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Auction: 9014 - Bond & Share Certificates of the World
Lot: 387

National Pneumatic Railway Association, certificate for £15 (£3 per share) deposit paid on 5 shares, London 183(5), signed on behalf of London bankers, Messrs Herries, Farquhar & Co., small format, black, printed by Perkins and Bacon, good very fine and rare. The company, proposed by Henry Pinkus, an American resident in England, was to have been incorporated by Act of Parliament but by 1836 the rising cost of iron was to prove too much for his giant 40 inch tubes. The company was not fully incorporated and it is not certain whether any of the deposit was repaid to shareholders. Estimate £ 100-120

Sold for
£110