Description

    City of Ohio, OH- The Ohio Rail Road Co. $5; $10 1840 Wolka 0693-04; -05
    The Ohio Rail Road Co. was one of the many state sponsored internal improvement projects in Midwestern states that did not pan out. Chartered in 1836, the line started issuing large amounts of paper money in 1837 and was listed as an unauthorized note issuer in the 1839 Ohio Bank Commissioners' Report. The Bank of Cleveland, which had an equity stake in the railroad and was attempting to redeem its currency issues failed in 1842 and it is believed that the railroad never laid a rail. The two notes are fully issued and each grades Very Fine. One of the surprisingly small group of railroad issuers from the state.
    From The Wendell Wolka Collection


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    Auction Dates
    April, 2014
    23rd-28th Wednesday-Monday
    Internet/Mail Bids: 2
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