Allegheny and Kinzua Railroad Co. - 1890 dated Railway Bond - Uncanceled
Inv# RB7083 Bond
$1,000 5% Uncanceled Gold Bond printed by Homer Lee Bank Note Company, N.Y. Very Rare.
The Allegheny and Kinzua Railroad (A&K) played a pivotal role in logging transportation during the late 19th century, spanning from 1889 to 1898. Headquartered in Olean, New York, the railroad was established to facilitate the transportation of timber from the surrounding forests, meeting the substantial demand for lumber in the region. Under the guidance of prominent figures such as S.S. Bullis, the railroad was instrumental in moving vast quantities of wood from the forests prior to their conversion into protected parkland.
Although distinct from the renowned Kinzua Bridge and its associated railroads, the Allegheny and Kinzua Railroad operated during the same era of industrialization and timber harvesting that characterized the Pennsylvania/New York border region. During this period, numerous such logging lines were established to facilitate the removal of lumber. Following the depletion of timber resources, the infrastructure of the A&K was dismantled, and the land was subsequently reforested, leaving behind only vestiges of its historical significance.
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.
Ebay ID: labarre_galleries