Chicago and North Western Railway Co. - 1939 dated $1,000 Railroad Bond

$1,000 Olive 4 1/2% Bond printed by American Bank Note Company. Much of the former Rock Island system in Iowa was acquired by the former Chicago and North Western Railway Co. The former Rock Island main line across Iowa from Chicago to Davenport to Council Bluffs and Omaha is now operated by the Iowa Interstate Railroad. In 1867 the Chicago, Iowa and Nebraska Railroad, which later became the Chicago and North Western Railway Co. was the first railroad to build tracks across Iowa. The Chicago and North Western Railway Co. merged with the Union Pacific Railroad Co. in April 1995.

The Chicago and North Western (reporting mark CNW) was a Class I railroad in the Midwestern United States. It was also known as the "North Western". The railroad operated more than 5,000 miles (8,000 km) of track at the turn of the 20th century, and over 12,000 miles (19,000 km) of track in seven states before retrenchment in the late 1970s. Until 1972, when the employees purchased the company, it was named the Chicago and North Western Railway (or Chicago and North Western Railway Company). The C&NW became one of the longest railroads in the United States as a result of mergers with other railroads, such as the Chicago Great Western Railway, Minneapolis and St. Louis Railway and others. By 1995, track sales and abandonment had reduced the total mileage to about 5,000. The majority of the abandoned and sold lines were lightly trafficked branches in Iowa, Illinois, Minnesota, South Dakota and Wisconsin. Large line sales, such as those that resulted in the Dakota, Minnesota and Eastern Railroad, further helped reduce the railroad to a mainline core with several regional feeders and branches. Union Pacific (UP) purchased the company in April 1995 and integrated it with its own operation. Read more at https://en.wikipedia.org/wiki/Chicago_and_North_Western_Transportation_Company