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Winston-Salem Southbound Railway - 1915-30's dated $1,000 North Carolina Railroad Gold Bond

Inv# RB5313   Bond
State(s): North Carolina
Years: 1915-30's
Color: Green and Black

$1,000 Gold Bond. American Bank Note-Phila. Nice! Scarce!!! The Winston-Salem Southbound Railway (reporting mark WSS) is a 90-mile (140 km) short-line railroad jointly owned by CSX Transportation and the Norfolk Southern Railway (NS), which provide it with equipment. It connects with NS at the north end in Winston-Salem, CSX at the south end in Wadesboro, and in between with NS at Lexington and Whitney, the subsidiary High Point, Thomasville and Denton Railroad at High Rock, and the Aberdeen, Carolina and Western Railway at Norwood. Originally owned jointly by the Atlantic Coast Line Railroad and Norfolk and Western Railway, predecessors to CSX and NS, it was completed in November 1910.

In 1957, the railroad retired its last steam locomotive in favor for diesel locomotion. In June 1960 the WSS acquired full control of the connecting High Point, Thomasville and Denton Railroad, which is similarly operated with equipment from both owners. Between 1913 and 1985 the railroad was headquartered in the Winston-Salem Southbound Railway Freight Warehouse and Office. It was listed on the National Register of Historic Places in 1991.

Commodities carried by the railroad are grain, sand, gravel, stone, forest products, paper products, coal, coke, cement, clay fertilizer, aluminum, chemicals, iron, and steel. Principal shippers are Corn Products Company of Winston-Salem, a manufacturer of corn syrup and related products, and Owens Brockway Glass Company of Eller, a manufacturer of glass products. On April 16, 2010, notice was published of the intent to merge the High Point, Thomasville, and Denton Railroad into the Winston-Salem Southbound Railway, effective May 1, 2010. Read more at https://en.wikipedia.org/wiki/Winston-Salem_Southbound_Railway

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.
Price: $45.00