Bloomsburg and Sullivan Railroad Co. - 1898 dated $1,000 or $100 Railway Bond
Inv# RB7509 Bond
$1,000 Blue or $100 Brown 5% Second Mortgage Bond printed by Huston, Ashmead & Co., Phila. Please specify denomination.
The Bloomsburg and Sullivan Railroad, (established in 1888 and ceased operations in 1972), commonly referred to as the B & S Railroad, was a long-standing independent shortline railroad that operated under that name from 1888 until 1928 in Columbia County, Pennsylvania, at which point it became a subsidiary of the Reading Company, ultimately leading to its closure in 1972. This shortline railroad spanned 29 miles, extending from south of Bloomsburg, Pennsylvania, traversing through the town, and continuing northward to Jamison City, Pennsylvania, including 4.45 miles of yard tracks. During the early 20th century, the Bloomsburg and Sullivan Railroad was one of five railroads servicing Bloomsburg. The headquarters of the Bloomsburg and Sullivan Railroad Company was located in Williamsport, Pennsylvania, with James Corcoran and Thomas Wheeler serving as the company's managers. In 1917, the Bloomsburg and Sullivan Railroad possessed five locomotives and seven cars.
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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