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South Carolina Central Railroad Co. - $500 Railway 1871 First Mortgage Bond

Inv# RB5116   Bond
State(s): South Carolina
Years: 1871
Color: Wine red-blk

$500 Railroad Bond printed by Walker, Evans & Cogswell, Charleston, S.C. 3 exquisite vignettes - train and riverboat scene, palm tree and train passing by house. Unissued but signed by President. Rare!

The South Carolina Central Railroad (reporting mark SCRF) is a class III railroad that operates 42 miles (68 km) of former CSX Transportation trackage in South Carolina. Originally a RailTex subsidiary upon its start in 1987, the railroad passed to RailAmerica following their acquisition of RailTex in 2000 and passed to the Genesee & Wyoming Railroad upon its acquisition of RailAmerica. Primary commodities include steel, chemicals, trash, and plastics, amounting to about 30,000 carloads in 2008. Interchange is made with CSX at Florence.

Both routes that comprise the South Carolina Central were of Seaboard Air Line and Atlantic Coast Line heritage. The oldest segment originally ran from Cheraw through Society Hill and Floyd before ending at Florence. It was constructed by the Cheraw and Darlington Railroad prior to the Civil War. The segment connecting Hartsville to Floyd was built by the Hartsville Railroad in 1890 for the purpose of connecting with the Cheraw & Darlington. Both segments were absorbed into the Atlantic Coast Line by 1900.

For many years, the livery in use on South Carolina Central trains was an original scheme. It was primarily dark blue with white accents and the featured logo was also unique to the SCCR, featuring the outline of the state of South Carolina, the name of the railroad and a red star marking its location in the state. After it passed to the Genesee & Wyoming, the livery was aligned with that of its other subsidiaries. The new livery is primarily orange with black pinstripes and yellow accents. It features the new SCCR logo, also aligned with other G&W subsidiaries, which is an emblem type logo with the shape of South Carolina in the central and the initials of the railroad on either side. Read more at https://en.wikipedia.org/wiki/South_Carolina_Central_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: $95.00