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William Kissam Vanderbilt signed New York & Harlem Railroad Co. $10,000 Bond - 1901 dated Autograph Railway Bond - Also signed by Edward V. W. Rossiter

Inv# AG1331   Bond
State(s): New York
Years: 1900's
Color: Green and Black
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William K. Vanderbilt, Capitalist, Sportsman. Son of William H. Vanderbilt, Chairman of the board of Lake Shore & Michigan Southern RR. President of NY, Chicago & St Louis Rwy. He was a yachtsman who owned and sailed "the Defender" in the international yacht races with England in 1895. He signs the front of this 1900 $10,000 Bond. Signed by Edward V. W. Rossiter as Secretary. Both signatures slightly cancelled.
 
William Kissam "Willie" Vanderbilt I (December 12, 1849 – July 22, 1920) was an American heir, businessman, philanthropist and horsebreeder. Born into the Vanderbilt family, he managed his family's railroad investments. Vanderbilt inherited $55 million (equal to about $1.7 billion today) from his father. He managed his family railroad investments. In 1879, after taking over P. T. Barnum's Great Roman Hippodrome which was on railroad property by Madison Square Park, he renamed the facility Madison Square Garden. Read more at https://en.wikipedia.org/wiki/William_Kissam_Vanderbilt
 
Edward Van Wyck Rossiter was born in Great Neck, Queens Co., New York on July 13, 1844 to Lucius Tuttle Rossiter and Mary Wickes. Edward Van Wyck Rossiter married Estelle Hewlett and had 6 children. He passed away on December 10, 1910 in Flushing, Queens, New York. Read more at https://www.ancestry.co.uk/genealogy/records/edward-van-wyck-rossiter-24-21c18v?geo_a=r&geo_s=uk&geo_t=uk&geo_v=2.0.0&o_iid=41012&o_lid=41012&o_sch=Web+Property
 
The New York and Harlem Railroad (now the Metro-North Railroad's Harlem Line) was one of the first railroads in the United States, and was the world's first street railway. Designed by John Stephenson, it was opened in stages between 1832 and 1852 between Lower Manhattan to and beyond Harlem. Horses initially pulled railway carriages, followed by a conversion to steam engines, then one to battery-powered Julien electric traction cars. In 1907 the then leaseholders of the line, New York City Railway, a streetcar operator, went into receivership. Following a further receivership in 1932 the New York Railways Corporation converted the line to bus operation. The Murray Hill Tunnel now carries a lane of road traffic, but not the buses. Read more at https://en.wikipedia.org/wiki/New_York_and_Harlem_Railroad

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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: $325.00