1840's dated Miami Extension Canal Stock, State of Ohio - Gorgeous Bond - Genera for Sale

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1840's dated Miami Extension Canal Stock, State of Ohio - Gorgeous Bond - Genera For Sale

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1840's dated Miami Extension Canal Stock, State of Ohio - Gorgeous Bond - Genera:
$125.00

Canal Bond. Various Denominations. Triple vignette of canal scene and of women Superb graphics, (small hole cancellation at seal). Rare! The Miami and Erie Canal was a 274-mile (441km) canal that ran from Cincinnati to Toledo, Ohio, creating a water route between the Ohio River and Lake Erie. Construction on the canal began in 1825 and was completed in 1845 at a cost to the state government of $8,062,680.07. At its peak, it included 19 aqueducts, three guard locks, 103 canal locks, multiple feeder canals, and a few man-made water reservoirs. The canal climbed 395 feet (120m) above Lake Erie and 513 feet (156m) above the Ohio River to reach a topographical peak called the Loramie Summit, which extended 19 miles (31km) between New Bremen, Ohio to lock 1-S in Lockington, north of Piqua, Ohio. Boats up to 80 feet long were towed along the canal by mules, horses, and oxen walking on a prepared towpath along the bank, at a rate of four to five miles per hour. Due to competition from railroads, which began to be built in the area in the 1850s, the commercial use of the canal gradually declined during the late 19th century. It was permanently abandoned for commercial use in 1913 after a historic flood in Ohio severely damaged it. Only a small fraction of the canal survives today, along with its towpath and locks. When Ohio became a state in 1803, transportation to and within the state was difficult; settlers largely moved themselves and their goods on rivers and Lake Erie, for most roads were poor. In addition, Ohio was geographically separated from the East Coast by the barrier of the Appalachian Mountains. This made life difficult for early citizens because goods from the Atlantic Coast and Europe were difficult to obtain and often very expensive due to transportation costs. For the same reasons, it was dif Item ordered may not be exact piece shown. All original and authentic.