St. Louis, MO - Terre Haute, Alton & St. Louis Rail Road Company $5 Post Note June 21, 1858 due March 20, 1859. PCGS Very Fine 35. The notes from this company are available and interesting. The initial Terre Haute and Alton line was chartered in Illinois in 1851. Construction commenced in 1852 and was completed in March 1856. Simultaneously, a line from Belleville to East St. Louis was chartered and completed in 1854. An extension was approved by the Illinois legislature to connect the two railroads from East St. Louis to Alton. This effectively connected St. Louis with lines which were consolidated under a combined charter naming this line the Terre Haute, Alton, and St. Louis Rail Road. The company went into foreclosure in 1862 and later reorganized. These notes acted as post notes, with different maturity dates, and paid 6% interest. This was payable on or after March 20, 1859. (Due dates other than those appearing on the notes in the Newman Collection are known.) Lithographed on white bond paper without imprint. A woman holds a shield showing an eagle while a train travels behind at top center. Obligation and titles are across. The engraved date is at upper right. Signatures are at the left end and bottom. Well margined and moderately circulated. Ex: Eric P. Newman Numismatic Education Society\n\n
From Newman VIII (Heritage Auctions, 11/2017), lot 29470, realized $47. Image and description courtesy of Heritage Auctions, https://ha.com.
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