Oct 10, 2019 - Sale 2519

Sale 2519 - Lot 17

Price Realized: $ 1,500
?Final Price Realized includes Buyer’s Premium added to Hammer Price
Estimate: $ 700 - $ 1,000
YOUNG, BRIGHAM. Document Signed, as President of the Utah Central Railroad, recording a resolution of the UCR Board of Directors on June 28, 1869, that "Sup't Joseph A. Young go east to negotiate for the Iron and Rolling Stock necessary for the Road: and, that he prepare blank forms of twenty years six per cent one thousand dollar coupon bonds, principal and interest payable in Gold." Countersigned by UCR Secretary John Willard Young. 1 page, folio, ruled paper; short separations at horizontal folds, faint scattered soiling, notary's embossed seal at lower left. [Salt Lake City, 5 July 1869]
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On March 8, 1869, as the two ends of the First Transcontinental Railroad approached each other in the Utah Territory, Young founded the Utah Central Railroad Company in order to build a railroad connecting the capital to the main line, over thirty miles to the north. Soon after, the board of directors elected Brigham Young president, his son Joseph Angell Young (1834-1875) general superintendent, and another son John Willard Young (1844-1924) secretary. On May 10, one month before this document was signed, the Railroad was completed in Promontory Summit, UT.