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Shenandoah Valley Railroad Co. - 1879 dated $1,000/£200 Railway 7% Gold Bond - Great History

Inv# RB5114   Bond
State(s): Virginia
West Virginia
Years: 1879
Color: Black

$1,000/£200 Railroad Bond dated 1879. Superb graphics. Great vignette of train, female figure with sword over a fallen enemy. Green coupons to right. Nice!!! Signed by William Milnes Jr. as President.

Shenandoah Valley Railroad was a line completed on June 19, 1882, extending up the Shenandoah Valley from Hagerstown, Maryland through the West Virginia panhandle into Virginia to reach Roanoke, Virginia and to connect with the Norfolk and Western Railway (N&W). The development of this railroad had considerable backing from the Pennsylvania Railroad. In September 1890 it went into bankruptcy and was reorganized as the Shenandoah Valley Railway. In December 1890, it became part of N&W. Today the tracks are a major artery of the Norfolk Southern system.

South of Harrisonburg, Virginia, a former part of the Norfolk Southern System a few miles west was a parallel line originally called the Valley Railroad. It was built in the late 19th century by Baltimore and Ohio Railroad, a fierce competitor of the Pennsylvania Railroad. The line was purchased in 1942 by the Chesapeake Western Railway. A portion extending northward from Staunton, Virginia in Augusta County and Rockingham County became a new short-line railroad formed late in the 20th century by several major shippers. The historic name of the once rival was adopted for the current privately owned intrastate Shenandoah Valley Railroad. Read more at https://en.wikipedia.org/wiki/Shenandoah_Valley_Railroad_(1867%E2%80%931890)

William Milnes Jr. (December 8, 1827 – August 14, 1889) was a nineteenth-century congressman and industrialist from Virginia and Pennsylvania. Born in Yorkshire, England, Milnes immigrated to the United States with his family in 1829, settling in Pottsville, Pennsylvania. He attended public schools as a child, going on to learning trade in machinery. He engaged in mining and coal shipping before moving to Shenandoah, Virginia in 1865 and engaged in the iron business. Milnes was a member of the Virginia House of Delegates in 1870 and 1871 and was elected a Conservative to the United States House of Representatives in 1869, serving from 1870 to 1871. Afterwards, he resumed in engaging in the iron business until his death in Shenandoah, Virginia on August 14, 1889. He was interred in the family plot in the Methodist Church Cemetery, Shenandoah, Virginia. Milnes was elected to the U.S. House of Representatives unopposed. Read more at https://en.wikipedia.org/wiki/William_Milnes_Jr.

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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: $84.50