Lot 1588
[ Autograph ] Leland Stanford 1824-1893 American railroad builder and magnate, Governor of California and the prime promoter and financer of the Central Pacific Railroad's construction of the western link of the transcontinental railroad. Historically-important manuscript D.S., 3pp. sm. folio, Sacramento, Dec. 18, 1866, being Stanford's certification that his Central Pacific Railroad had completed the first ninety-two miles of track in its historic journey to meet the Union Pacific at Ogden, Utah three years hence! This important document reads in part: ..United States of America State ofCalifornia Leland Stanford, President, and Edward H. Miller, Jr., secretary of the Central Pacific Railroad Company of California... said Company has constructed ninety two 92 miles of a continuous completed line of their railroad, under and in accordance with the provisions of the Act of Congress, entitled 'An Act to aid in the Construction of a rail-road and telegraph line from the Missouri River to the Pacific Ocean, and to Secure to the Government the use of the same for postal, military and other purposes', approved July 1,1862... said Company is authorised to issue its bonds to the extent of One hundred miles in advance of a continuous completed line of construction, which will amount, at this time, to $8,422,000... said Company has... issued, sold and otherwise disposed of their 'First Mortgage Bonds' as authorized...' Signed by Stanford at conclusion, and by Miller as well. Both the Union Pacific and Central Pacific were in a horse-race to lay as much track as possible; the venture was immediately immensely profitable to both companies, as the UnitedStates Government facilitated the sale of the railroads' bonds and donated hundreds of acres of land for each mile of track laid. The Central Pacific's first hundred miles of track were torturous, as theline snaked its way through the Sierras. Very good condition. Sold with a second document, 25pp. 4to., [n.p.] June 8, 1867, an official contract between Charles Mclaughlin, William Carr, Leland Stanford, Collis P. Huntington, and others in which Mclaughlin and Carr agree to sell their interest in the first one hundred miles of track, rolling stock, rails, timber, spikes, all services rendered - vitually the entire railroad - to Stanford and Carr in exchange for 1600 Western Pacific Railroad thirty year E1,000 first mortgage bonds.Secretarially-signed, but a highly-detailed important financial- content document. Two pieces.
Accepted Forms of Payment:
Alexander Historical Auctions LLC
You agree to pay a buyer's premium of 0% and any applicable taxes and shipping.