Ohio Canal Stock - Ohio $600 Bond
Inv# CN1020 Bond
Bond. Very Rare Type! The Ohio and Erie Canal was a canal constructed during the 1820s and early 1830s in Ohio. It connected Akron with the Cuyahoga River near its outlet on Lake Erie in Cleveland, and a few years later, with the Ohio River near Portsmouth. It also had connections to other canal systems in Pennsylvania.
The canal carried freight traffic from 1827 to 1861, when the construction of railroads ended demand. From 1862 to 1913, the canal served as a water source for industries and towns. During 1913, much of the canal system was abandoned after important parts were flooded severely.
Most of the remaining portions are managed by the National Park Service or Ohio Department of Natural Resources. They are used for various recreational purposes by the public, and still provide water for some industries. Parts of the canal are preserved, including the Ohio and Erie Canal Historic District, a National Historic Landmark. Read more at https://en.wikipedia.org/wiki/Ohio_and_Erie_Canal
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
Ebay ID: labarre_galleries