1868 00 East Saginaw, Michigan. Flint & Pere Marquette Railroad Bond

Description

1868.   Very Fine condition. RNP5 RN & RNW2 front & Back.    Bond shipped  folded in half along existing fold lines
Early history
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edit
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The F&PM was chartered on January 22, 1857 as the Flint and Pere Marquette Railway for the purpose of constructing an east-west
railway line
on a route, for which a federal
land grant
was offered, from
Flint, Michigan
to
Lake Michigan
at Pere Marquette (now
Ludington, Michigan
).
[2]
The early promoters of the road were George M. Dewey and E.H. Hazelton of Flint, with Dewey serving as the first president of the F&PM.
[3]
Construction started in 1859 in
East Saginaw
. A more energetic management took charge in 1860 when Captain
Eber Brock Ward
of Detroit, a prominent lumberman, vessel owner, and steel manufacturer, was elected to the presidency of the F&PM.
[4]
[5]
Service began on January 20, 1862, on the 26.1-mile (42.0 km) section from East Saginaw south to Mount Morris. In December 1864 the F&PM gained access to
Detroit
via trackage rights over the
Flint and Holly Railroad
and the
Detroit and Milwaukee Railroad
.
[6]
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