SAN FRANCISCO & SAN JOAQUIN VALLEY RY Stock 1895. Spreckel's "People's Railroad"

Description

The San Francisco and San Joaquin Valley Railway Company. Stock issued May 20, 1895 at San Francisco, California. Incorporated February 26, 1895
in the State of California. Certificate
No. 339
was issued to
A. B. Spreckels, et al., Company Trustees
for 10 shares of capital stock (0 per share). Company capital was
,000,000
. Hand signed by company
vice president Robert Watt
and
secretary Abraham Mackie
. Certificate is about 7.5" x 11.5". Black print with green borders and l
ight-orange underprint "S.F.&S.J.V.Ry.Co."
. Vignette with long train.
The San Francisco and San Joaquin Valley Railroad was a California rail line between Stockton and Bakersfield constructed in the late 1890s and very shortly thereafter purchased by the Atchison, Topeka and Santa Fe Railroad. The impetus for building the line was the monopoly position of the Southern Pacific Railroad, it being thought that a competitor would lower the prices being charged to farmers to ship their crops to San Francisco. Claus Spreckels, a leading sugar manufacturer, pledged 0,000 for the building of the line in January 1895, if ,000,000 more could be raised. Many small investors contributed funds, giving it the nickname the "People's Railroad". The line was constructed between 1895 and 1898. The first passenger train from Stockton to Fresno ran on October 5, 1896 to great fanfare. Bakersfield also held a big celebration when it was reached on May 27, 1898. In both cases, news reports trumpeted how the towns were now free of the "tyranny" of Southern Pacific's monopoly.
Condition:  Very Fine+++
, no folds, no creasing, no tears, very light signs of wear/handling/toning (see photos), stamp cancelled.
Printer:
Payot-Upham & Co., San Francisco.
PAYMENT AND SHIPPING
Please read certificate d
escription details shown above before bidding.
Please contact me with any questions before bidding.
Payment by PayPal
and accepted credit cards
only.
Shipping within the U.S. is by USPS First Class Mail (.00 for packages weighing 13 ounces or less) – shipping for packages weighing over 13 ounces will be shown on your invoice. If another shipping method is requested, a revised invoice will be sent. International buyers need to wait for my invoice before paying.
Combined shipping cost will be offered for multiple items won – please wait for invoice before paying, or if specific shipping method or insurance is requested.
Multiple items will be shipped together in one package; large stocks and bonds may be shipped folded along existing fold lines.
All packages will be shipped with certificates placed in plastic sleeves with cardboard backing and marked “Do Not Bend”.
I do not profit on shipping costs charged.
Items typically shipped within two days of payment.
RETURNS AND GUARANTEE
:
Buyer satisfaction and authenticity of certificate is guaranteed – returns are accepted with 14 days of purchase (buyer pays return shipping cost unless item received is not as described in this listing).
All certificates are originals – no reproductions.