Atchison, Topeka and Santa Fe Railroad Co. - 1889 dated $500 Railway Bond - Extremely Rare
Inv# RB7458 Bond
New Mexico
$500 5% Gold Bond printed by Franklin Bank Note Co., New York. Hole cancelled with 2 complete pages of coupons. The Atchison, Topeka and Santa Fe Railway (reporting mark ATSF), often referred to as the Santa Fe or AT&SF, was one of the larger railroads in the United States. The railroad was chartered in February 1859 to serve the cities of Atchison and Topeka, Kansas, and Santa Fe, New Mexico. The railroad reached the Kansas–Colorado border in 1873 and Pueblo, Colorado, in 1876. To create a demand for its services, the railroad set up real estate offices and sold farmland from the land grants that it was awarded by Congress. Despite being chartered to serve the city, the railroad chose to bypass Santa Fe, due to the engineering challenges of the mountainous terrain. Eventually a branch line from Lamy, New Mexico, brought the Santa Fe railroad to its namesake city.
The Santa Fe was a pioneer in intermodal freight transport; at various times, it operated an airline, the short-lived Santa Fe Skyway, and the fleet of Santa Fe Railroad Tugboats. Its bus line extended passenger transportation to areas not accessible by rail, and ferryboats on the San Francisco Bay allowed travelers to complete their westward journeys to the Pacific Ocean. The AT&SF was the subject of a popular song, Harry Warren and Johnny Mercer's "On the Atchison, Topeka and the Santa Fe", written for the film The Harvey Girls (1946). Read more at https://en.wikipedia.org/wiki/Atchison,_Topeka_and_Santa_Fe_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.
Ebay ID: labarre_galleries