Boston, Hartford and Erie Railroad Co. - $1,000 Uncanceled Railway Bond - Gorgeous Imprinted Revenues
Inv# IM1002 Bond
$1,000 7% Uncanceled Bond printed by National Bank Note Co., NY. Many coupons remain. Superb Engraving! Classic!
The New York and New England Railroad (NY&NE) was a railroad connecting southern New York State with Hartford, Connecticut; Providence, Rhode Island; and Boston, Massachusetts. It operated under that name from 1873 to 1893. Prior to 1873 it was known as the Boston, Hartford and Erie Railroad, which had been formed from several smaller railroads that dated back to 1846. After a bankruptcy in 1893, the NY&NE was reorganized and briefly operated as the New England Railroad before being leased to the competing New York, New Haven and Hartford Railroad in 1898.
Today, most of the original New York and New England lines have been abandoned. A segment in Massachusetts is now part of the MBTA's Franklin Line providing commuter rail service to South Station in Boston, and another segment near East Hartford and Manchester, Connecticut, is used for freight service on the Connecticut Southern Railroad. Other portions in Connecticut and Rhode Island have been converted to rail trails. Read more at https://en.wikipedia.org/wiki/New_York_and_New_England_Railroad
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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