Watch List notes:

Russell Sage Certificate Trio. Milwaukee & St. Paul Railway 1871 blue preferred shares signed by Russell Sage as president, IC; Belleville & Southern Illinois RR, 213 shares issued to Russell Sage and signed by him on the stub. IC, some edge problems; Missouri, Kansas & Texas Rwy 1901 issued to Russell Sage, IC. All VF+ unless otherwise mentioned..

Estimate: $100-150