Mahoning Coal Railroad Co. Issued to Estate of Augustus Schell - Stock Certifica for Sale

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Mahoning Coal Railroad Co. Issued to Estate of Augustus Schell - Stock Certifica For Sale

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Mahoning Coal Railroad Co. Issued to Estate of Augustus Schell - Stock Certifica:
$240.00

Stock issued to the Estate of Augustus Schell. Rare! Nice! Augustus Schell (1812-1884), Lawyer and Financier. He became expert in the expanding field of corporation law. He was an intimate friend of Commodore Cornelius Vanderbilt, a Director of the Harlem RR in 1872 and of the Hudson River RR in 1874, and later of the Lake Shore and Michigan Southern, the New York, New Haven & Hartford, the Chicago and Northwestern, the Union Pacific, and the Canada Southern Railroads, as well as the Union Trust Co., the WstrnUnion Telegraph Co., and the Manhattan Life Insurance Co. Together with Jay Gould, he engineered the corner in Chicago and Northwestern stock, one of Wall Street\'s notable post-Civil War episodes. At his death, he was worth several million. The Mahoning Coal Railroad (MCR) was a railroad line in the U.S. states of Ohio and Pennsylvania. Incorporated in 1871, it largely linked Youngstown, Ohio, with Andover, Ohio. It had a major branch into Sharon, Pennsylvania, and several small branches and spurs to coal mines and iron works along the Ohio-Pennsylvania border. The railroad leased itself to the Lake Shore and Michigan Southern Railway in 1873. The lease was assumed by the New York Central Railroad in 1914, when that company consolidated with the Lake Shore & Michigan Southern. The New York Central merged with the Pennsylvania Railroad in 1968 to create the Penn Central. Despite abandonment of much track, bankruptcy of the Penn Central in 1970 eventually caused the MCR\'s dissolution on January 7, 1982. The Mahoning Coal Railroad Company was incorporated in the states of Ohio and Pennsylvania on February 25, 1871, with a capital investment of $70,000 ($1,500,000 in 2019 dollars). The Cleveland-based company received a charter to build a line from Youngstown, Ohio, to Item ordered may not be exact piece shown. All original and authentic.