San Francisco, California, 1895, 5 Shares, Issued, Ink and punch cancelled, green border with light orange brown underprint with large vignette of locomotive R-L , Cert. #380, VF to XF condition, Issued to A.B. Spreckels and numerous other notables, Signature of Robert Watt as President and Alexander Mackie as Secretary, both well known railroad industry notables who each have interesting life stories. Attractive and historic California railroad certificate.