Wabash Pittsburgh Terminal Railway Co. - 1904 dated Railroad Gold Bond (Uncanceled)
Inv# RB7028 Bond
$1,000 4% Uncanceled Gold Bond printed by International Banknote Co., N.Y. 2 Full pages of coupons attached. The Pittsburgh and West Virginia Railway (reporting mark PWV) was a railroad in the Pittsburgh, Pennsylvania, and Wheeling, West Virginia, areas. Originally built as the Wabash Pittsburgh Terminal Railway, a Pittsburgh extension of George J. Gould's Wabash Railroad, the venture entered receivership in 1908 and the line was cut loose. An extension completed in 1931 connected it to the Western Maryland Railway at Connellsville, Pennsylvania, forming part of the Alphabet Route, a coalition of independent lines between the Northeastern United States and the Midwest. It was leased by the Norfolk and Western Railway in 1964 in conjunction with the N&W acquiring several other sections of the former Alphabet Route, but was leased to the new spinoff Wheeling and Lake Erie Railway in 1990, just months before the N&W was merged into the Norfolk Southern Railway. Read more at https://en.wikipedia.org/wiki/Pittsburgh_and_West_Virginia_Railway
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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