Houston and Great Northern Railroad Co. of Texas - 1872 dated $1,000 8% Railway Bond
Inv# RB5769 Bond
$1,000, 8% Unissued Bond printed by W.H. Arthur & Co., New York. All 40 coupons remain.
The Houston and Great Northern Railroad, chartered on October 22, 1866, aimed to connect Houston, Texas, to the Red River and eventually the Canadian border. Despite early founders like William Marsh Rice and Ebenezar B. Nichols, construction was delayed due to Reconstruction era economic difficulties. Work began in late 1870, and by 1872, the line reached Crockett. During its brief independent existence, the company acquired the Houston Tap and Brazoria Railway and the Huntsville Branch, expanding to 253 miles of track.
On September 30, 1873, the Houston and Great Northern merged with the International Railroad Company to form the International-Great Northern Railroad (I&GN). This consolidation linked key Texas hubs like Laredo, Austin, and San Antonio. Over the decades, the I&GN became a vital component of the Missouri Pacific lines. Later acquisitions and reorganizations absorbed the original Houston and Great Northern routes into the Union Pacific Railroad system in 1997.
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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