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Buffalo Bradford and Pittsburgh Railroad stock certificate c1866 (New York - Pennsylvania)
Buffalo Bradford and Pittsburgh Railroad stock certificate c1866 (New York - Pennsylvania)
Product Description
Buffalo Bradford and Pittsburgh Railroad stock certificate c1866 (New York - Pennsylvania)
Nice vignette of steam train coming out of a tunnel, river scene with boats in the background. Unissued and not cancelled. Circa 1866 from issued examples. Dated 18__ on the cert. Approximately 9.5 x 7.5 inches.
The Buffalo, Bradford, and Pittsburgh Railroad was formed under the general laws of New York and Pennsylvania on February 26, 1859, by the merger of the Buffalo and Pittsburgh Railroad and the Buffalo and Bradford Railroad.
The Buffalo and Pittsburgh Railroad was incorporated in New York State on October 7, 1852 for the purpose of constructing and operating a railroad from Buffalo to a connection with the Allegany Valley Railroad at the New York-Pennsylvania state line. Separately, the Buffalo and Bradford Railroad was incorporated in the State of Pennsylvania on March 14, 1856 to construct a railroad from the state line to the coal mines in Lafayette Township. The two companies merged on February 26, 1859 to form the Buffalo, Bradford, and Pittsburgh Railroad.
The Buffalo, Bradford and Pittsburgh Railroad was leased to the Erie Railroad on January 6, 1866, for period of 499 years. It was most known as the Bradford Branch of the Erie. The railroad operated about 30 miles of track in New York and Pennsylvania. The main line ran 26 miles from Carrollton, NY to Gilesville, PA. The Bradford Branch ran from Bradford to Nusbaum, PA, about 5 miles.
The Buffalo, Bradford, and Pittsburgh Railroad was one of the many manipulated by the threesome of Daniel Drew, Jim Fisk, and Jay Gould. Together they engineered a swindle on the Erie Railroad, when they unloaded the Buffalo, Bradford, and Pittsburgh in 1866 for the purchase price of $2,000,000 in Erie convertible bonds; which was 8 times the true value of the company.
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