Detroit and Port Huron Shore Line Railway - 1900 dated $1,000 Railroad Bond (Uncanceled)
Inv# RB7180 Bond
$1,000 5% Uncanceled Gold Bond printed by Franklin-Lee Bank Note Co., N.Y. 50 coupons remain. The Detroit and Toledo Shore Line Railroad (reporting mark DTS) is a historic railroad that operated in northwestern Ohio and southeastern Michigan.
The Pleasant Bay Railway was incorporated in Michigan in March 1898 and purchased the Toledo and Ottawa Beach Railway, an Ohio company incorporated in January 1898, in March 1899. The resulting company was renamed the Detroit and Toledo Shore Line Railroad one month later. It operated a multi-track mainline connecting Detroit, Michigan and Toledo, Ohio, serving several large industries. The main line between the two cities opened in 1903. The Grand Trunk Western Railway (GTW) and the Toledo, St. Louis and Western Railroad (the "Clover Leaf") co-owned the railroad from 1902-1923. The TStL&W ownership was transferred to its successor the New York, Chicago and St. Louis Railroad (the "Nickel Plate Road") in 1923 and then to the Norfolk and Western Railway (N&W) in 1964.
The GTW purchased the N&W's interest in the DTS in 1981. At that time the DTS was dissolved and merged into the GTW. Today, a mostly single track section with limited double track and passing sidings of the former mainline continues as the CN/GTW Shore Line Subdivision. Read more at https://en.wikipedia.org/wiki/Detroit_and_Toledo_Shore_Line_Railroad
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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