Saint Paul and Duluth Railroad Co. Issued to and Signed by Charles D. Barney - A for Sale

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Saint Paul and Duluth Railroad Co. Issued to and Signed by Charles D. Barney - A For Sale

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Saint Paul and Duluth Railroad Co. Issued to and Signed by Charles D. Barney - A:
$348.00

Stock Issued to and signed twice by Charles D. Barney. Charles D. Barney (1844-1945) Charles D. Barney was an American stockbroker. Born in Sandusky, Ohio, Barney married the daughter of prominent Philadelphia financier Jay Cooke. Following the collapse of his father-in-laws Philadelphia banking house, in December of 1873 Charles D. Barney and Jay Cooke, Jr. as a minority partner, formed the stock brokerage firm, Chas. D. Barney & Co. In 1938, Charles D. Barney & Co. and Edward B. Smith & Co. merged to form Smith Barney & Co. Charles D. Barney died in 1945 at the age of 101 at Elkins Park, Pennsylvania near Philadelphia. Originally incorporated in 1863 and known as the Lake Superior and Mississippi Railroad, the road provided the first service between Duluth and the Twin Cities upon its completion in 1870. Serving as the all-important eastern terminus of the Northern Pacific Railroad, the road linked the Great Lakes and the Mississippi River. A victim of the panic of 1873, the company defaulted on its bonds and was reorganized in 1877 as the Saint Paul and Duluth Railroad. It was absorbed by the Northern Pacific in 1900. These exceptional stocks are beautifully printed by American Bank Note Company. The two Steamships and Locomotive scenes are so very impressive. A fine example of engraving of this Golden Era of Financial Printing. The St. Paul and Duluth Railroad was reorganized from the Lake Superior and Mississippi Railroad in 1877. It was bought by the Northern Pacific in 1900. Known as the "Skally Line", it operated from Saint Paul to Duluth, Minnesota, with branches to Minneapolis, Taylors Falls, Kettle River, and Cloquet, in Minnesota, and Grantsburg and Superior in Wisconsin. The line was purchased by the Northern Pacific Railway, which was succeeded by the Burlington Northern and then the Burlington Northern Santa Fe. Most of the line became redundant with other lines after the Burlington Northern merger, as it paralleled another line of the Great Northern Railway. Most of the line therefore was abandoned and many segments were turned into rail trails. The disposition of those segments is as follows: Item ordered may not be exact piece shown. All original and authentic.