Lot 1494: OCMULGEE AND FLINT RIVER RAIL ROAD
29 October 2016
Brussels, BelgiumLive Auction
Description: 19 July 1841 ALBANY. Bond for 50 cents. black. No 427. This bond is surely the smallest US railroad bond known to us - both in value and in size (9x6cm, or 3 1/2 x 2 1/2 inches). The bond was to pay interest of 1% at expiry - after six months. We wonder how the company paid the interest of .05 of a cent. The company is not listed in Cox. Founded 1827. It was a line in north Georgia, probably for logging.
Condition Report: VF