Terminal Railroad Association of St. Louis - dated 1903 $1,000 Railway 4% Gold Bond - Missouri History
Inv# RB5122 Bond
$1,000 Railroad 4% Gold Bond. Attractive bond with large vignette of Railroad Terminal in St. Louis. Some cancellation holes near bottom. Still nice. Two pages of coupons. The Terminal Railroad Association of St. Louis, designated by the reporting mark TRRA, operates as a switching and terminal railroad managing traffic within the St. Louis, Missouri metropolitan region. This railroad is jointly owned by multiple Class I railroads that extend their services to the city. Established in 1889 through an arrangement facilitated by Jay Gould, it has played a significant role in the local transportation network. These were the lines involved:
- Missouri Pacific Railroad
- St. Louis, Iron Mountain and Southern Railway, later part of the Missouri Pacific
- Wabash Railroad, later part of the Norfolk and Western Railway
- Ohio and Mississippi Railroad, later part of the Baltimore and Ohio Railroad
- Louisville and Nashville Railroad
- Cleveland, Cincinnati, Chicago and St. Louis Railway, later part of the New York Central 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.
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