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Colorado, Wyoming and Eastern Railway - 1914 dated $1,000 Railroad Gold Bond (Uncanceled) - Extremely Rare

Inv# RB5172   Bond
State(s): Colorado
Wyoming
Years: 1914
Color: Green and Black

$1,000 6% Bond was payable in Gold Coin of U.S. Uncanceled. Many coupons. Superb Condition. Scarce! Western Railroads are very popular! The Laramie, North Park and Western Railroad was a railway operating in the U.S. states of Wyoming and Colorado, connecting Laramie, Wyoming, to Coalmont, Colorado. Between 1901 and 1951, it functioned under various names before being absorbed by the Union Pacific Railroad. Established in 1901 as the Laramie, Hahns Peak and Pacific Railway Company by Isaac Van Horn, the railroad was intended to serve the mining camps near Gold Hill in the Snowy Range, located west of Laramie. Van Horn and his associates also invested in the mining camp of Centennial, situated 30 miles (48 km) west of Laramie at the foot of the mountains. Under the direction of the Acme Consolidated Gold & Mining Company, they developed a sawmill, lumber yard, newspaper, and other facilities. However, due to financial difficulties, the railroad did not reach Centennial until 1907, by which time mining activities in the Snowy Range had largely ceased.

The company then decided to extend southward to North Park in Colorado, acquiring a portion of a coal deposit near Walden, Colorado, which they named Coalmont. The first train arrived in Walden in October 1911 and reached Coalmont in December. Operating the line during winter proved to be both challenging and costly. In 1914, the company defaulted on its mortgage, leading to the Colorado, Wyoming and Eastern Railroad taking control of the line. In April 1924, new owners acquired the line and renamed it the Northern Colorado and Eastern Railroad Company. Residents of Laramie requested that the town's name be included in the railway's title, resulting in its renaming to Laramie, North Park and Western Railroad in June. David Webster Adamson retired from his position as general superintendent of the Laramie, North Park and Western Railroad on June 1, 1941.

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.

Item ordered may not be exact piece shown. All original and authentic.
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