Aberdeen Huron and Southern Railway Co. - 1908 dated Railroad Gold Bond (Uncanceled)
Inv# RB7040 Bond
South Dakota
$1,000 Orange or $250 Green 5% Uncanceled Gold Bond printed by Security Bank Note Company, Philadelphia. 2 Pages of coupons attached. Please specify color.
The probable location of this railway was near Aberdeen, South Dakota, a significant regional railroad hub, and Huron, South Dakota. It is not uncommon for smaller, less successful ventures from the highly speculative early days of railroading to leave little trace beyond their corporate paperwork, bond issues, and other artifacts. Alternatively, the company might have been a paper railroad that never actually laid any track. The existence of the bond certificate confirms the company’s existence on paper but provides little insight into any actual railroad operations.
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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