Union General in the 105th Ohio volunteer infantry (1843–1896), Torrance began the Chicago Elevated Terminal Railway Company in 1890, traveling around Europe studying their elevated railway terminal in hopes of finding a solution to Chicago’s growing congestion. Chicago Elevated Terminal Railway Company capital stock certificate in the amount of $25,000,000, #5, 10.5 x 8.25, granting one share of stock to Charles Eldred on September 2, 1890, signed at the conclusion in ink as president, “Joseph T. Torrance,” and also by the secretary. In very good condition, with light creasing to the bottom left corner, light toning, a faint paperclip impression to the top left corner, a pencil notation to the bottom border, and five red “Cancelled” stamps, one of which moderately affects the second half of the signature. Pre-certified John Reznikoff/PSA/DNA and RR Auction COA.
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