Parkersburg Branch Railroad Company Stock Certificate

Description

Parkersburg Branch Railroad Company Stock Certificate
This piece is an Ebay exclusive. We are only offering this piece here!
The price of this piece has been reduced again!!!
Original Price:
.99
First Reduction:
.97
Current Price:
.97
(you now save 25%!!)
In 1851, the year before the Baltimore and Ohio Railroad's mainline reached Wheeling, West Virginia, the B&O's owners sponsored the chartering of a new railroad that was planned to be a vital link between the B&O's mainline and the Gateway of the West, St. Louis, Missouri. Construction of this new line, chartered as the Northwestern Virginia Railroad, began in 1852 and lasted over five years, with an estimated construction cost of more than ,000,000. When the Northern Virginia RR was opened on May 1st, 1857, the 103 mile line extended west from the B&O at Grafton to the Ohio River at Parkersburg, WV, where trains crossed the river via barges and connected with the Marietta and Cincinnati Railroad at Belpre, Ohio. Eventually absorbed by the B&O, the Northwestern Virginia Railroad, later the Parkersburg Branch as it would come to be known, became a busy section of the B&O St. Louis mainline following the Civil War. This high volume of traffic continued well into the next century. The line eventually became part of the Chessie System, before being shut down.
In 1868, the company was rocked by a scandal when the company Secretary, John L. Crawford, was charged with fraud. Crawford issued over ,300,000 worth of company shares to unsuspecting investors, using stock certificates and a company seal he had stolen from the company archives.
Frequently Asked Questions:
Is the certificate in this listing, the exact piece I will receive?
For this listing - no, t
he images are representative. We do this when multiple quantities are being offfered. You will receive a certificate in similar condition; however dating, denomination, certificate number and issuance details may vary.
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