State of Indiana Wabash & Erie Canal Bond 1847

1847 State of Indiana Wabash & Erie Canal Bond Certificate.Ê Early attractive scripophily bond financing the Wabash & Erie Canal in Indiana.Ê The Wabash & Erie Canal runs 497 miles from Toledo, Ohio on Lake Erie to Evansville, Indiana on the Ohio River.Ê 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.Ê Construction began in 1832 and the canal was completed in 1843.Ê It operated for about a decade before it became apparent that the canal was not economically viable. Certificate is in VF+ condition.