Winston-Salem Southbound Railway Co. Issued to Carnegie Institute of Technology, Pittsburg, PA. - 1915-30's dated $1,000 North Carolina Railroad Gold Bond

$1,000 4% Gold Bond printed by American Bank Note Company, Philadelphia Issued to Carnegie Institute of Technology, Pittsburg, PA. Nice! Scarce!!!

The Winston-Salem Southbound Railway (reporting mark WSS) is a 90-mile short-line railroad jointly owned by CSX Transportation and the Norfolk Southern Railway (NS). CSX provides the railroad with equipment, while NS owns the equipment at the north end in Winston-Salem and the south end in Wadesboro. In between, the railroad connects 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, the railroad was completed in November 1910. In 1957, the railroad retired its last steam locomotive in favor of diesel locomotion. In June 1960, the WSS acquired full control of the connecting High Point, Thomasville, and Denton Railroad, which was 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. In 1991, it was listed on the National Register of Historic Places.

The railroad carries a variety of commodities, including 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.