Washington and Old Dominion Railway - 1911 dated $1,000 Uncanceled Railroad Gold Bond
Inv# RB7072 Bond
Washington
$1,000 5% Gold Bond. Most coupons remain. Attractive! The Washington and Old Dominion Railroad (colloquially referred to as the W&OD) was an intrastate short-line railroad located in Northern Virginia. The railroad was a successor to the bankrupt Washington and Old Dominion Railway and to several earlier railroads, the first of which began operating in 1859. The railroad closed in 1968.
The Railroad's oldest line extended from Alexandria on the Potomac River northwest to Bluemont at the base of the Blue Ridge Mountains near Snickers Gap, not far from the boundary line between Virginia and West Virginia. The railroad's route largely paralleled the routes of the Potomac River and the present Virginia State Route 7 (VA Route 7).
The single-tracked line followed the winding course of Four Mile Run upstream from Alexandria through Arlington to Falls Church. At that point, the railroad was above the Fall Line and was able to follow a more direct northwesterly course in Virginia through Dunn Loring, Vienna, Sunset Hills (now in Reston), Herndon, Sterling, Ashburn and Leesburg. Read more at https://en.wikipedia.org/wiki/Washington_and_Old_Dominion_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.
Ebay ID: labarre_galleries