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Item Details

550: THOMAS C. DURANT


Seller: scottwinslow ( 2716  )
End Time: 2008-07-27 05:00:00 GMT
Bids: 0
Current Price: $120.00
Location: Bedford, New Hampshire. USA
Time Left: 0 Seconds
550: THOMAS C. DURANT
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Item Description

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550: THOMAS C. DURANT
1854, Illinois. Stock receipt for 75 shares in the Peoria & Bureau Valley Railroad. Black on light blue paper. Signed by THOMAS C. DURANT (1820-1885); Builder of the Union Pacific Railroad. Durant had become interested in the West in 1851 while building the Michigan Southern Railroad with Henry Farnum. He picked up the task in the early 1860's by sending three parties to survey a route. The Pacific Railway Act of 1862 had fixed the capital of the Union Pacific at $100,000,000, but permitted organization of the road when $2,000,000 was subscribed and ten percent paid. Capital was slow during the Civil War but on Oct. 30, 1863, minimum subscription had been reached and John A. Dix was elected president with Durant as vice-president. From this time until the completion of the road, Durant was the major figure involved in the road's management. At the same time, Durant had secured the charter of the Credit Mobilier of which he became the largest shareholder. Oakes and Oliver Ames became large shareholders as well as Durant, eventually fracturing and causing a three year struggle for the Union Pacific between Durant and the Ames led group of investors. An eventual agreement between the two sides left Durant in control of the completion of the project. Durant is one of America's premier railroader builders. Uncancelled and very fine.
Auction House

Scott J. Winslow Associates, Inc.
PO Box 10240
Bedford, NH United States 03110
800.225.6233
Terms & Conditions
1.) A 20% BUYERS PREMIUM WILL BE ADDED TO THE FINAL HAMMER PRICE.

2.) All items are guaranteed to be authentic. If an item is found not to be authentic,the full sale price will be refunded.

3.) All accounts are payable in full upon receipt of invoice unless other arrangements have been made prior to the sale. Any special credit terms should be made as early as possible. Title does not pass until full payment has been received.

4.) No "Buy" or unlimited bids will be accepted.

5.) We reserve the right to reject any bid we feel is not made in good faith.

6.) In the case of tie bids on the book, the earliest received shall take precedence.

7.) This is not an approval sale. Lots may not be returned except for reasons of authenticity or a
material error in the catalog description.

8.) Please bid in U.S. dollars and only in whole dollar amounts. Fractions of a dollar will be rounded
down to the nearest dollar.

9.) Some lots may be subject to a reserve.

10.) Shipping charges will be added to all invoices.

11.) The placing of a bid shall constitute the bidders acceptance of these terms of sale.

12.) This sale is being held under the laws of the State of New Hampshire.

Scott J. Winslow Associates, Inc.
Post Office Box 10240
Bedford, New Hampshire 03110 (USA)
Toll Free In USA (800) 225-6233 * Phone (603) 641-8292 * Fax (603) 641-5583


NEW HAMPSHIRE LICENSE #4002
MASSACHUSETTS LICENSE #2692
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Buyer Pays Shipping Cost
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20%
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No applicable sales tax in New Hampshire.
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