£60 - £80
U.S.A.: Ionia and Lansing Railroad Company, Michigan, First Mortgage 8% Construction Bond for $1000, 1869, #37, twice signed by James Joy on the reverse as President of the Michigan Central and as a trustee, large format, steam train at top, black, red underprint 'one thousand dollars', no coupons remain, stamped and hole cancelled. James Frederick Joy, Chicago based financier was a director of at least 20 railroads creating what was to be known as the 'Joy System'. Michigan State Representative in 1860-61. VF.
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