Detroit River Tunnel Bond - Available in Green, Red, Olive or Orange - Please Specify Color - Various Denominations
Inv# RB5057 Bond
Choose which color you would like. Unissued $50,000 Green, $10,000 Red, $5,000 Olive or $1,000 Orange 4% Gold Bond. Please specify color. Printed by American Bank Note Company, New York. The Michigan Central Railway Tunnel is a railroad tunnel under the Detroit River connecting Detroit, Michigan, in the United States with Windsor, Ontario, in Canada. The U.S. entrance is south of Porter and Vermont streets near Rosa Parks Boulevard. The Canadian entrance is south of Wyandotte Street West between Cameron and Wellington Avenues. It was built by the Detroit River Tunnel Company for the Canada Southern Railway, leased by the Michigan Central Railroad and owned by the New York Central Railroad. The tunnel opened in 1910 and is still in use today by the Canadian Pacific Railway.
In 1891, the Grand Trunk Railway opened the St. Clair Tunnel at Port Huron, giving it an advantage over the Canada Southern and its car ferries. The Detroit River Tunnel Company was formed August 15, 1905, as a merger of the Michigan and Canada Bridge and Tunnel Company (in Michigan) and the Canada and Michigan Bridge and Tunnel Company (in Ontario). Read more at https://en.wikipedia.org/wiki/Michigan_Central_Railway_Tunnel
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.
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