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Tennessee Coal, Iron and Railroad Co. - Railway Stock Certificate - Gorgeous Des For Sale
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Tennessee Coal, Iron and Railroad Co. - Railway Stock Certificate - Gorgeous Des:
$144.00
Railroad Stock. 2 great vignettes - one of train pulling into station and one inside the coal mines. Superb. Rare. Available in Olive or Orange. Please specify color. Also available unissued at a lesser price. The Tennessee Coal, Iron and Railroad Company (1852"1952), also known as TCI and the Tennessee Company, was a major American steel manufacturer with interests in coal and iron ore mining and railroad operations. Originally based entirely within Tennessee, it relocated most of its business to Alabama in the late nineteenth century. With a sizable real estate portfolio, the company owned several Birmingham satellite towns, including Ensley, Fairfield, Docena, Edgewater and Bayview. At one time the second largest steel producer in the USA, TCI was listed on the first Dow Jones Industrial Average in 1896. However, in 1907, the company was merged with its principal rival, the United States Steel Corporation. The Tennessee Coal, Iron and Railroad Company was subsequently operated as a subsidiary of U. S. Steel for 45 years until it became a division of its parent company in 1952. The Tennessee Coal, Iron and Railroad Company was founded as the Sewanee Furnace Company, a small mining concern established in 1852 by Nashville entrepreneurs seeking to exploit Tennessee's rich coal reserves and the 19th century railroad boom. After losing money, the business was sold to New York investors in 1859 and reorganized as the Tennessee Coal and Rail Company, but the outbreak of the Civil War the following year saw the fleeting company repossessed by local creditors. Read more at Item ordered may not be exact piece shown. All original and authentic.
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