SOLD! for $1,200.00.
(Note: Prices realized include a buyer's premium.)
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- Low Estimate: $600.00
- High Estimate: $800.00
- Realized: $1,200.00
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Nathan Bedford Forrest (1821-1877) signed Selma Marion Memphis Railroad Company $1000 First Mortgage Eight Per Cent Bond, No. 746, endorsed by the State of Alabama, dated September 1, 1869. Lithographed by Henry Seibert & Brothers, New York. Vignette of a train in a landscape setting, top center, surrounded by a decorative green border. Thirty-three (33) coupons for $40 each remain. Secretary/President Nathan Bedford Forrest signatures. Governor of Alabama Robert B. Lindsay endorsement signature with President Nathan Bedford Forrest signature and additional writing, en verso. Float mounted and matted in a carved gilt wood frame with double sided glass. Bond – 20" H x 17" W. Framed – 30" H x 27 1/8" W. Note: Nathan Bedford Forrest was a Confederate Calvary leader who attained the rank of lieutenant general in the Confederate Army, and after the war was involved in various business enterprises, including this railroad. Forrest, an inveterate opponent of Reconstruction, used such ventures to rebuild his fortune after the Civil War. He was not as successful in railroad promoting as in war and, under his direction, the company went bankrupt. (adapted from https://www.gilderlehrman.org/collection/glc01593 and Wikipedia). CONDITION: Overall good condition with toning, tears, largest 3/8", to edges of bond.