Cleveland and Erie Railway Co. - 1909 dated $500 Railroad Bond
Inv# RB7512
Bond
Pennsylvania
$500 5% Bond printed by American Bank Note Co., Phila., Litho. Large size measures 14" x 10".
The Cleveland & Erie Railroad is 95 miles in length, and is run by two companies-one from Cleveland to the Pennsylvania Line, and one from the Line to Erie. It is one of the pleasantest roads (at any rate in the day line), there is in the country. At first we follow the shore of the Lake, under the town, and leaving all its pretty streets, and fine houses, and picturesque scenery above us. But we have got the Lake before us, and that is a grand thing in itself.
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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