414

Ephemra - NEW YORK Bank of the Metropolis Northern Pacific Railroad Company

Currency:CAD Category:Coins & Paper Money Start Price:20.00 CAD Estimated At:40.00 - 60.00 CAD
Ephemra - NEW YORK Bank of the Metropolis Northern Pacific Railroad Company
SOLD
20.00CAD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2016 Nov 26 @ 19:22UTC-4 : AST/EDT

Buyer’s Premiums will be added on all items as per the Terms & Conditions of the sale. Invoices will be emailed out following the Coin Cabinet Collector Show.
Ephemra - NEW YORK
Bank of the Metropolis
Northern Pacific Railroad Company - 1881 sheet of 6 checks
Size: 17.2/8" x 17.7/8"

The Northern Pacific charter was signed by President Abraham Lincoln in 1864. Construction of the railroad began in 1870 with ground breaking ceremonies near Duluth, Minnesota. Headquartered first in Brainerd, Minnesota and later in St. Paul, Minnesota the railroad was given grants of land from the government that equaled close to 47,000,000 acres and spanned the distance from the Great Lakes to Puget Sound. In the early years the Northern Pacific was backed by the firm of Jay Cooke & Company until the financial panic of 1873 when the railroad went bankrupt and was reorganized.
In 1883 the railroad was completed at Gold Creek, Hellgate Canyon, Montana. Former president Ulysses S. Grant attended the ceremony and drove in the “golden spike” to commemorate the occasion. In 1893 a financial panic caused a second bankruptcy. By the early 1900s the railroad was again reorganized by James J. Hill, President of the Great Northern, and others. The railroad became part of the federal government transportation network during World War I and pioneered the first national park connection with the Yellowstone Park line. On March 2, 1970 the Northern Pacific was merged with the Chicago, Burlington & Quincy, Great Northern, and Spokane, Portland and Seattle and their subsidiaries to become the Burlington Northern.