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Bartlett and Albany Railroad - $1,000 Railway 6% 20 Year Bond - New Hampshire - Rare State

Inv# RB7276   Bond
State(s): New Hampshire
Years: 1888

$1,000 6% Bond printed by Samuel Hobbs & Co., Boston. Full sheet of coupons. Rare State! The Bartlett and Albany Railroad was a short-lived logging railroad in Carroll County, New Hampshire, in the United States.

The Bartlett and Albany ran from a sawmill and a junction with the Mountain Division in Bartlett, over Bear Notch, and down to a small rail yard near Passaconaway (in Albany). The route was unusual insofar as the highpoint was in the middle. As a result, the grade was "uphill both ways," limiting the load that could be carried.

The railway had just one locomotive, a 2-6-0 bought new from the Portland Company. There was only one round trip daily, bringing supplies over Bear Notch to the logging camps and then bringing logs to the sawmill in Bartlett. There were also a couple of small sawmills near Passaconaway from which sawn lumber was shipped. The afternoon was spent switching cars at the mill. The railway never had a passenger car.

The railway ceased operations in 1894 when the area was logged out. Today, Bear Notch Road follows the right of way from Bartlett and over Bear Notch before diverging to the east. Read more at https://en.wikipedia.org/wiki/Bartlett_and_Albany_Railroad

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Condition: Excellent

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.

Item ordered may not be exact piece shown. All original and authentic.
Price: $230.00