Pacifique

1871 · 66 — Boston; Nov. 1 1871. 1871 9 pp. folio. This indenture was made the first day of November 1871 between the Atlantic and Pacific Railroad Company and Oliver Ames and Charles F. Choate. The Atlantic and Pacific was to be built from Missouri and Arkansas to the Pacific Coast. From the very beginning the Atlantic and Pacific was plagued with problems even though they had the same rights as other transcontinental railroads regarding bonds land grants etc. Ames and Choate noted bankers of railroads and other various schemes were to loan to the railroad in gold coin. The amount is left blank in this document and the document is not signed by the parties. They were to be repaid in gold coin with an annual interest rate of 6%. In addition to the indenture listed above another indenture was made with George Bigeldow and James Dixwell. 2 pp. with manuscript corrections and additions. Including a provision to enable the Atlantic and Pacific to mortgage the road. This document was written earlier and does not have nearly as many provisions as in the Ames and Choate indenture. Four years later the Atlantic and Pacific would lapse into receivership. Oliver Ames then the largest stockholder purchased 96697 acres of the road's Missouri lands. After reorganization the A & P had some life until the panic of 1893 and the spoils were then divided between the Santa Fe and Frisco. These two documents are important in understanding the financial development of this railroad. Atlantic and Pacific material is quite scarce. Oliver Ames was the brother of Oakes. This railroad was to have been a very important development for Arkansas and Missouri. These documents are housed in a very attractive folding box 9 x 7 3/4 inches with green cloth-covered boards and a green morocco spine label with gilt lettering. 3214013 OG2080. 1st Edition. Hardcover. Very Good. Boston; Nov. 1, 1871. hardcover