Economic Education through Numismatics
  • 1892 Los Angeles Consolidated Electric Railway Company $30 Bond Interest Coupons Payable in Gold

    $55.00

    1892 Los Angeles Consolidated Electric Railway Company $30 Bond Interest Coupons

    Excellent condition. Perfect block of 4 pcs. Rare and scarce! Payable in Gold

    in 1890 the Los Angeles Consolidated Electric Rail­road Company obtained a franchise from the city authorities, extending over a period of fifty years, commencing from October 14th of that year. The conditions of the franchise were made very favorable to the Company, which has been successful from the start. There are already forty-seven miles of road in operation all laid with forty-five-pound steel rails and supplied with cars of the latest and most approved style. General M. H. Sherman is pres­ident, Mr. E. P. Clark, vice-president and manager, Major A. W. Barrett, superintendent, and under their able management the affairs of the company are in a thriving condition.

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