Last One! - Ridgefield Park Railroad Co. - 1872 dated $1,000 New Jersey Railway Gold Bond - Fantastic Design
Inv# RB7320 Bond
$1,000 7% Gold Bond printed by Henry Seibert & Bros., N.Y. Most coupons remain. Rare! Large size measures 17" x 29 3/4" with coupons.
The West Shore Railroad represented the final designation of a railway that extended from Weehawken, New Jersey, located on the west bank of the Hudson River directly across from New York City, northward to Albany, New York, and subsequently westward to Buffalo. Initially established to compete with the New York Central and Hudson River Railroad, it was ultimately acquired by that entity. At the southern terminus of the line, the Ridgefield Park Railroad was incorporated on April 4, 1867. This line was intended to serve as a branch of the New Jersey Rail Road, diverging at Marion Junction and proceeding north along the western side of the New Jersey Palisades, passing through Ridgefield Park to reach the state boundary at Tappan, New York.
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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