Lot 162
Adams & Co Express, Marysville (Cal), clear red oval express company Aug. 14 datestamp, red "Paid" in double octagon, on brown cover addressed to Stockton. Scarce., with auction notations Bright (1902), Doane (1937).
ASCC $150 (1987).
Estimate $100 - 150
The Adams Express Company is one of the oldest companies listed on the New York Stock Exchange (NYSE: ADX). In 1849 the New England based company moved Daniel Hall Haskell to San Francisco as a resident partner. November 6, 1849 they started Adams & Co. Express with close ties but different directors. When the Adams Express incorporated in July 1854, California was not included. The 1855 collapse of Bacon & Company, Bankers brought about the March 1, 1855 close of the company. The employees and agents of Adams & Co. formed the Pacific Express Company.
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| Opening Bid $65 |
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