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    Description

    Rare William Bingham Signed Certificate

    Philadelphia, PA- Philadelphia and Lancaster Turnpike Road Stock Certificate 1 Share March 16, 1795 Extremely Fine.
    The central vignette is of a Conestoga wagon traveling on the improved road. Impressed seal at left. This certificate was made out to Frederick Kuhn of the Borough of Lancaster. This share was transferred to Peter Kuhn on Apr. 26, 1817, then to Biddle, Wharton and brothers on May 6, 1817. Finally, on Apr. 2, 1818, transferred to the President, Managers, & Co. of the Philadelphia and Lancaster Turnpike Road. Pencil writing is at upper right and there is also staining on this thick paper item. Measurements are approximately 9.5 by 7.5 inches. A small internal split is observed. The company was originally formed to improve the Indian trails in the state, thereby facilitating ease of travel. Clear signature of President William Bingham (1752-1804) at lower right. He was founder and director of the Bank of North America and also served for six years (1795-1801) as a Senator from Pennsylvania. He was considered the wealthiest man in the new nation at this time. His signature is rare which makes this a valuable item. This is the first example we have ever sold. The only other one we have seen was auctioned a decade ago. It realized close to $2,000 that day and was of comparable quality to the present offering. A hidden treasure for the winning bidder, since it is very likely that another decade will pass by before another is sold.


    Auction Info

    Auction Dates
    January, 2020
    8th-14th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
    Page Views: 286

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