Boston and Maine Railroad - 1900 dated Unissued Railway Gold Bond - Beautiful Train Vignette
Inv# RB5018 Bond
Massachusetts
Unissued Railroad Bond printed by American Bank Note Company, New York & Boston. Steam locomotive with 4 other engines in background, all in a roundhouse. Superb!!!
The Boston and Maine Corporation (reporting mark BM), known as the Boston and Maine Railroad (B&M), was a U.S. Class I railroad in northern New England. It became part of what is now the Pan Am Railways network in 1983. At the end of 1970, B&M operated 1,515 route-miles (2,438 km) on 2,481 miles (3,993 km) of track, not including Springfield Terminal. That year it reported 2,744 million ton-miles of revenue freight and 92 million passenger-miles.
The Andover and Wilmington Railroad was incorporated March 15, 1833, to build a branch from the Boston and Lowell Railroad at Wilmington, Massachusetts, north to Andover, Massachusetts. The line opened to Andover on August 8, 1836. The name was changed to the Andover and Haverhill Railroad on April 18, 1837, reflecting plans to build further to Haverhill, Massachusetts (opened later that year), and yet further to Portland, Maine, with the renaming to the Boston and Portland Railroad on April 3, 1839, opening to the New Hampshire state line in 1840. Read more at https://en.wikipedia.org/wiki/Boston_and_Maine_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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