OHIO CANAL STOCK, STATE Of OHIO Bond 1854. $500. 7 /annum. Certificate
Item History & Price
| Reference Number: Avaluer:9986707 |
Stateof Ohio Canal Stock. Bond issued on November 29, 1854 in Columbus, Ohio, “Office of the Commissioners of the Sinking Fund”, “1860”in red underprinting, “Under the Provisions of the Constitution ofOhio, adopted A.D. 1851”. Embossed seal lower left, to the right ofGeorge Washington. Certificate No. 23, 867 - 7% per annum $500 bondwas issued to S. C. Willandon. Original ink signatures of the actingfund commissioner W. G. Chagan, auditor of the state W. D. Morgan, and tran...sfer agent Alfred P. Edgerton. Certificate is about 8.5” x10”. Black print on onionskin paper with red underprinted “1860”in center. Five beautiful mid-1800s vignettes: farmer and Indian (topcenter); allegorical woman (upper right); Benjamin Franklin (lowerright); George Washington (lower left); and Indian woman with bow andarrow (upper left).
TheOhio Canal Commission oversaw the construction of canals in the Stateof Ohio during the early and mid 1800s. During the late 1810s, Ohiogovernors Thomas Worthington and Ethan Allen Brown both supportedinternal improvements, especially canals. Both men believed thatOhioans needed quick and easy access to the Ohio River and to LakeErie if they were to profit financially. Farmers and business ownerswould be able to transport their products much more easily andcheaply with canals rather than turnpikes. In 1822, the Ohiolegislature realized the importance of internal improvements andcreated a new Ohio Canal Commission. The commission determined thebest routes available for a canal from the Ohio River to Lake Erie, eventually recommending a route starting at Lake Erie, passingthrough the Cuyahoga Valley, the Muskingum Valley, the LickingValley, and then to the Ohio River along the Scioto Valley. On July4, 1825, at Licking Summit just south of Newark, Ohio, GovernorJeremiah Morrow and New York Governor De Witt Clinton, the man mostresponsible for New York's Erie Canal, turned over the first shovelsof dirt of what would become the Ohio and Erie Canal. The secondcanal was the Miami and Erie Canal. To finance the canals, the Ohiogovernment relied on loans. The legislature established a Canal FundCommission to regulate the costs of and the securing of money for thecanals. The canals nearly bankrupted the state government, but theyallowed Ohioans to prosper beginning in the 1830s all the way to theCivil War. Most canals remained in operation in Ohio until the late1800s. By the 1850s, the canals were losing business to therailroads. While railroads cost more to ship people and goods, theycould deliver people and items much more quickly than the canals.
Condition: Very Fine, two very light vertical folds, minor creasing, no tears, minor signs of wear/handling/discoloration, Uncancelled.Printer: Rawdon, Wright, Hatch & Edson, New York City & Cincinnati.
PAYMENTAND SHIPPING Please read certificate description details shown above before bidding. Please contact me with any questions before bidding. Payment by PayPal only. Shipping within the U.S. is by USPS First Class Mail ($4.00 for packages weighing 13 ounces or less) – shipping for packages weighing over 13 ounces will be shown on your invoice. If another shipping method is requested, a revised invoice will be sent. International buyers need to wait for my invoice before paying. Combined shipping cost will be offered for multiple items won – please wait for invoice before paying, or if specific shipping method or insurance is requested. Multiple items will be shipped together in one package. All packages will be shipped with certificates placed in plastic sleeves with cardboard backing and marked “Do Not Bend”. I do not profit on shipping costs charged. Items typically shipped within two days of payment.RETURNSAND GUARANTEE: Buyer satisfaction and authenticity of certificate is guaranteed – returns are accepted with 14 days of purchase (buyer pays return shipping cost unless item received is not as described in this listing). All certificates are originals – no reproductions.
TheOhio Canal Commission oversaw the construction of canals in the Stateof Ohio during the early and mid 1800s. During the late 1810s, Ohiogovernors Thomas Worthington and Ethan Allen Brown both supportedinternal improvements, especially canals. Both men believed thatOhioans needed quick and easy access to the Ohio River and to LakeErie if they were to profit financially. Farmers and business ownerswould be able to transport their products much more easily andcheaply with canals rather than turnpikes. In 1822, the Ohiolegislature realized the importance of internal improvements andcreated a new Ohio Canal Commission. The commission determined thebest routes available for a canal from the Ohio River to Lake Erie, eventually recommending a route starting at Lake Erie, passingthrough the Cuyahoga Valley, the Muskingum Valley, the LickingValley, and then to the Ohio River along the Scioto Valley. On July4, 1825, at Licking Summit just south of Newark, Ohio, GovernorJeremiah Morrow and New York Governor De Witt Clinton, the man mostresponsible for New York's Erie Canal, turned over the first shovelsof dirt of what would become the Ohio and Erie Canal. The secondcanal was the Miami and Erie Canal. To finance the canals, the Ohiogovernment relied on loans. The legislature established a Canal FundCommission to regulate the costs of and the securing of money for thecanals. The canals nearly bankrupted the state government, but theyallowed Ohioans to prosper beginning in the 1830s all the way to theCivil War. Most canals remained in operation in Ohio until the late1800s. By the 1850s, the canals were losing business to therailroads. While railroads cost more to ship people and goods, theycould deliver people and items much more quickly than the canals.
Condition: Very Fine, two very light vertical folds, minor creasing, no tears, minor signs of wear/handling/discoloration, Uncancelled.Printer: Rawdon, Wright, Hatch & Edson, New York City & Cincinnati.
PAYMENTAND SHIPPING Please read certificate description details shown above before bidding. Please contact me with any questions before bidding. Payment by PayPal only. Shipping within the U.S. is by USPS First Class Mail ($4.00 for packages weighing 13 ounces or less) – shipping for packages weighing over 13 ounces will be shown on your invoice. If another shipping method is requested, a revised invoice will be sent. International buyers need to wait for my invoice before paying. Combined shipping cost will be offered for multiple items won – please wait for invoice before paying, or if specific shipping method or insurance is requested. Multiple items will be shipped together in one package. All packages will be shipped with certificates placed in plastic sleeves with cardboard backing and marked “Do Not Bend”. I do not profit on shipping costs charged. Items typically shipped within two days of payment.RETURNSAND GUARANTEE: Buyer satisfaction and authenticity of certificate is guaranteed – returns are accepted with 14 days of purchase (buyer pays return shipping cost unless item received is not as described in this listing). All certificates are originals – no reproductions.
