Monongahela Railway - BondInv# RB5719
$1,000 Unissued Bond. American Bank Note Co. The Monongahela Railway (AAR reporting marks MGA) was a coal-hauling short line railroad in Pennsylvania and West Virginia in the United States. It was jointly controlled by the Pennsylvania Railroad, New York Central subsidiary Pittsburgh and Lake Erie Railroad, and the Baltimore and Ohio Railroad, and subsequently by their joint successor Penn Central Transportation. The company operated its own line until it was merged into Conrail on May 1, 1993.
The primary connection to both controlling systems was at Brownsville, Pennsylvania - with the south end of the P&LE's Pittsburgh, McKeesport and Youghiogheny Railroad and with the PRR's ex-Brownsville Railway. The PRR also interchanged traffic at Hoover, Pennsylvania, the end of its Coal Lick Run Branch. The B&O Railroad interchanged at Leckrone, Pennsylvania, and Rivesville, West Virginia.
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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