Central Pacific Railway Co. - Unissued $5,000 or $1,000 Bond
Inv# SE4579
Bond
$5,000 brown or $1,000 orange 4% Gold Bond printed by American Bank Note Company, New York. Please specify color.
The Central Pacific Railroad was a 19th-century railroad company that built the western portion of the First Transcontinental Railroad from Sacramento, California, to Promontory, Utah, where it met the Union Pacific Railroad in 1869. Incorporated in 1861 by the "Big Four" businessmen—Leland Stanford, Collis P. Huntington, Mark Hopkins, and Charles Crocker—the company was the western partner in the project, which was largely financed by government funding and land grants. The Central Pacific was later leased to the Southern Pacific Company in 1885 and formally merged with it in 1959.
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