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William Seward Webb signed Mohawk and Malone Railway Bond - Autograph $1,000 Railroad Gold Bond

Inv# AG1215   Autograph
State(s): New York
Years: 1892
Color: Green

Webb signs this gorgeous $1,000 4% Gold Bond printed by American Bank Note Company, New York. Hole cancellations barely affect the signature.

William Seward Webb (1851-1926), Capitalist. He married Wm. H. Vanderbilt's daughter Eliza Osgood. President of Wagner Palace Car Co. and Officer or Director of several Railways. He purchased 200,000 acres and converted it into a game preserve in the Adirondacks. His home was NY City. 

Dr. William Seward Webb's Mohawk and Malone Railway crossed the northern Adirondacks at Tupper Lake Junction, just north of Tupper Lake. Webb was president of the Wagner Palace Car Company. He began by purchasing the 3 ft (914 mm) narrow gauge Herkimer, Newport and Poland Railway, which ran 16 miles (26 km) from Herkimer to Poland, converting its trackage to 4 ft 8 12 in (1,435 mm) standard gauge, and straightening it to avoid multiple crossings of the West Canada Creek. He then had track built from Tupper Lake to Moira and thence to Montreal, Quebec. This was called variously the Adirondack and St. Lawrence Railroad and the Mohawk and Malone.

It opened in 1892 from Malone Junction to Childwold Station with a branch from Lake Clear Junction to Saranac Lake. After 1893, it was controlled by the New York Central and Hudson River Railroad.

In 1913, it merged with the New York Central and Hudson River Railroad as the "Adirondack Division" of the New York Central. Read more at https://en.wikipedia.org/wiki/Mohawk_and_Malone_Railway

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Condition: Excellent
Item ordered may not be exact piece shown. All original and authentic.
Price: $155.00