Snohomish Valley Railway Co. - 1906 dated Gorgeous Unissued $1,000 5% Railroad Gold Bond - Payable in Gold Coin
Inv# RB5115 Bond
Unissued $1,000 5% Railroad Bond printed by Security Bank Note Company, Phila. Was payable in 'Gold Coin of the US'. Superb Graphics. Three great vignettes at top!! 2 full pages of coupons.
The Snohomish Valley Railway Co., a historical business venture in the late 19th century, never built a line and “died a natural death.” Incorporated by local Snohomish businessmen in the late 1800s, the company aimed to connect the underserved agricultural towns of the Snohomish and Snoqualmie river valleys by rail. Promoters promised to bring wealth and opportunity to the region, which relied heavily on river transport and poor dirt roads at the time. However, this ambitious plan was derailed when a sales agent allegedly vanished with a significant amount of investor money, leaving the company’s dreams unrealized.
Despite the original company’s failure, modern rail development and heritage tourism have continued in the area. Today, the Northwest Railway Museum operates the separate, historical Snoqualmie Valley Railroad, offering scenic train excursions on a portion of the original Seattle, Lake Shore and Eastern Railway line in the nearby Snoqualmie Valley. Additionally, many former railway corridors in the Snohomish Valley area have been converted into multi-use public trails, such as the Centennial Trail and the Snoqualmie Valley Trail, as part of a regional rail-to-trail initiative. Snohomish County continues to develop these corridors, with planning resuming in 2025 for the final extension of the Centennial Trail.
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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