Monte Cristo Railway Co. issued to and signed on back by Louis H. Severance - 1900 dated Autographed Stock Certificate

Stock issued to and signed on back by L.H. Severance. 4 revenue stamps! Historic railroad! 

Louis Henry Severance (August 1, 1838 – June 25, 1913) was an American oilman and philanthropist who was a founding member of the Standard Oil Trust, the first treasurer of Standard Oil, and a sulfur magnate. 

The Monte Cristo Railway Company was officially established on August 29, 1900, following a significant corporate restructuring of the bankrupt Everett and Monte Cristo Railway. The original rail infrastructure, constructed in 1893 with funding from financial magnate John D. Rockefeller, was designed to transport gold and silver ore from the remote Cascade Mountains to a specialized smelter in Everett, Washington. However, devastating autumn floods in 1897 severely damaged the tracks traversing the treacherous Robe Canyon, leading to a complete operational shutdown and financial ruin for the original syndicate. To salvage the investment, Rockefeller’s trusted advisor, Frederick T. Gates, negotiated a complex deal with the Great Northern Railway. Gates employed Japanese contract labor crews to meticulously rebuild the crucial Hartford-to-Monte Cristo section, revitalizing the line under the newly consolidated corporate umbrella.

The newly formed Monte Cristo Railway Company played a pivotal role in igniting a second mining boom in the region, ensuring a steady flow of ore from the summer of 1900 through the autumn of 1903. Despite the successful reconstruction, the extreme weather conditions in the Cascade Mountains and the persistent threat of seasonal washouts posed significant financial challenges to independent operation. Consequently, in 1902, the line was sold to the Northern Pacific Railway, which integrated the tracks into its network as the Monte Cristo Branch. The route continued to transport dwindling mineral shipments until the Panic of 1907 caused a collapse in local mining production. Although parts of the line were later repurposed for logging and tourist excursions, the rails were completely removed by the 1930s, and the historic right-of-way was subsequently transformed into Washington’s scenic Mountain Loop Highway.

Read More

Read Less