Result list 1 April 2017

The results of our April sale will be available here on April 2.

Lotnumber: 1260
PHILADELPHIA. Shares of $50. black. No 5458. 36-mile main line from Harrisburg to Dillerville PA, with branch to Columbia PA. Operated by the Pennsylvania RR Co. from 1849. Ten magnificent vignettes including early trains, eagles, Franklin and Penn. Signed as president by Thomas Alexander Scott, his signature is hole-cancelled. Scott (1823-81) joined the Pennsylvania RR when it reached Pittsburgh. From 1861 to 1865 he played important parts both in organising the railroads for the Union in the Civil War, and in the expansion of the Pennsylvania system. He was a major opponent of Jay Gould's efforts to expand the Erie, but after becoming president of the Union Pacific RR in 1871, he held office for just one year, and ultimately sold out to Gould. He became president of the Pennsylvania RR in 1874. At the time he was regarded as the most brilliant railroad manager in the country, and the Pennsylvania was the largest railroad system in the world under one management. Scott was also involved in desperate battles with Rockefeller's Standard group over transport of Pennsylvania oil, but ultimately lost. He had oil interests in Pennsylvania and California (the latter were a complete failure), and was also active in venture capitalism (with Carnegie) and land settlement.
SCOTT, Thomas Alexander
Date: 8 January 1875
Quality: EF
Startprice: € 400