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New York, Rutland and Montreal Railway Co. - 1884 dated Vermont, New York and Canada $1,000 Railroad Bond

Inv# RB7147   Bond
New York, Rutland and Montreal Railway Co. - 1884 dated Vermont, New York and Canada $1,000 Railroad Bond
Country: Canada
State(s): New York
Vermont
Years: 1884
Color: Green and Black

$1,000 6% Gold Bond printed by American Bank Note Company, New York. Superb! The Rutland Railroad (reporting marks RUT, R) was a railroad in the northeastern United States, located primarily in the state of Vermont but extending into the state of New York at both its northernmost and southernmost ends. After its closure in 1961, parts of the railroad were taken over by the State of Vermont in early 1963 and are now operated by the Vermont Railway.

The railroad operated a day passenger train called the Green Mountain Flyer. It also operated a night train counterpart, the Mount Royal, from Montreal to New York City, via Burlington and Rutland.

The Rutland's primary freight traffic was derived from dairy products, including milk, that used to move over the system. At its peak, the Rutland served a system extending approximately 400 miles (640 km) in the shape of an upside-down "L" running from Chatham, New York north to Alburgh, Vermont; thence west to Ogdensburg, New York, situated on the St. Lawrence River. The railroad's northernmost terminus was Noyan, Quebec. In 1925, Rutland reported 259 million net ton-miles of revenue freight and 38 million passenger-miles along 413 miles (665 km) of road and 559 miles (900 km) of track. In 1960, it had 182 million ton-miles on 391 route-miles and 476 track-miles. Read more at https://en.wikipedia.org/wiki/Rutland_Railroad

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Condition: Excellent

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.

Item ordered may not be exact piece shown. All original and authentic.
Price: $198.50