Class A Preferential 5% Share £25. black on purple paper. No 15255. Beautifully-engraved view of a train crossing a canal bridge. The Stockton & Darlington Railway is considered the world's first steam locomotive railway! On his travels buying and selling wool, Edward Pease, a rich wool merchant, came to the conclusion that there was a great need for a railroad with wagons drawn by horses to carry coal from the collieries of West Durham to the port of Stockton. In 1821 Pease and a group of businessmen formed the Stockton & Darlington Railway Company with a capital of £120,000. Pease was soon convinced by George Stephenson of the superiority of locomotives to horses. The first railway locomotive, Locomotion, was finished September 1825 and on 27th September it pulled 36 wagons filled with coal and flour, guests and workmen. By 1833, the Stockton and Darlington had become entirely steam-operated, and proved a huge financial success. The Stockton & Darlington Railway was absorbed into the North Eastern Railway in 1863, which merged into the London and North Eastern Railway in 1922. Much of the original railway is still operating today. This is an "A" share, and in perfect condition. It comes with a separate piece of paper from 1832 with the fully intact signature of George Stephenson, renowned as the "Father of Railways" (1781-1848).
Date: 24 September 1858
Startprice: € 1000