Wall Street Auction #XXI, Session 1

Salt Lake & Ft.Douglass Rwy Co. Bond Signed By Brigham Young's Son. Utah Territory, December 31, 1884, $1000, Issued and uncancelled, 1st Mortgage 6% Bond, Black with brown border and underprint, Locomotive passes telegraph poles with small train in background, XF condition, coupons attached. Salt Lake & Fort Douglass Railway Company bond signed by John W.Young as president, Rulon S.Wells as Secretary and included his brother Brigham Young Jr. and other Mormon leaders as shareholders. John Young was born in Nauvoo, Illinois to Latter Day Saint apostle Brigham Young and Mary Ann Angell. As a young boy, John traveled with the Mormon pioneers from Illinois to Utah Territory. He was ordained an apostle by his father in 1855, when he was eleven. He was called as First Counselor to his father in October, 1876 until the First Presidency was dissolved by Brigham Young's death less than a year later in 1877. Young practiced polygamy and had 4 wives. He was arrested in Denver from a complaint of his 3rd wife from Philadelphia when he took a 4th wife in 1878. Young's business practices and practice of living in New York City soon brought him into conflict with other church authorities. In 1888, Joseph F. Smith accused Young of unethically using church funds to maintain a lavish lifestyle. He resigned from the position of counselor to the Quorum of the Twelve Apostles in 1891. Rulon S. Wells was a Utah politician and was a general authority of The Church of Jesus Christ of Latter-day Saints. Rare and historic early Mormon railroad signed by son of Brigham Young.