American Palace Car Co. - New Jersey Railway Car $500 5% Uncanceled Gold Bond - Railroad Cars
Inv# RB7001 BondBond printed by Turner & Co., Boston. Large Impressive Bond! The sleeping car or sleeper (often wagon-lit) is a railway passenger car that can accommodate all passengers in beds of one kind or another, for the purpose of sleeping. George Pullman was the American innovator of the sleeper car. The first such cars saw sporadic use on American and English railways in the 1830s; they could be configured for coach seating during the day. Possibly the earliest example of a sleeping car (or bed carriage, as it was then called) was on the London & Birmingham and Grand Junction Railways between London and Lancashire, England. The bed carriage was first made available to first-class passengers in 1838.
In the spring of 1839, the Cumberland Valley Railroad pioneered sleeping car service in America with a car named "Chambersburg", between Chambersburg and Harrisburg, Pennsylvania. A couple of years later a second car, the "Carlisle", was introduced into service. In 1857, the Wason Manufacturing Company of Springfield, Massachusetts – one of the United States' first makers of railway passenger coach equipment – produced America's first specifically designed sleeping car. Canadian railways soon followed with their own sleeping cars: first the Grand Trunk in 1858, then the Great Western.? The Great Western's sleeping cars were manufactured in-house, with the first three built in 1858, and the railway operating six by 1863.
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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