State of Indiana Wabash & Erie Canal Bond 1847

State of Indiana Wabash & Erie Canal Bond 1847
Item# Transport-83
$75.00

Product Description

1847 State of Indiana Wabash & Erie Canal Bond Certificate. Early attractive scripophily bond financing the Wabash & Erie Canal in Indiana. The Wabash & Erie Canal runs 497 miles from Toledo, Ohio on Lake Erie to Evansville, Indiana on the Ohio River. A shipper could then take the Ohio River to the Mississippi to reach the Gulf of Mexico. The Wabash & Erie was the longest canals ever built in the U.S. Construction began in 1832 and the canal was completed in 1843. It operated for about a decade before it became apparent that the canal was not economically viable. Certificate is in VF+ condition.