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Boston Terminal Co. - 1897 dated Transportation Station Bond - Various Denominations Available - Railroads, Buses, Subways

Inv# RB5022   Bond
State(s): Massachusetts
Years: 1897
Color: Green

Various Denominations 3 1/2% Bond printed by American Bank Note Company, New York & Boston. Great vignette of the huge Boston Terminal building! Rare!!!

By the late 19th century, the New England, Old Colony, and Boston & Providence had been acquired by the New York & New Haven Railroad, while the B&A was acquired by the New York Central Railroad. However, the four separate terminals remained. The Boston Terminal Company, established in 1897, was charged with the task of consolidating service from the four terminals at a single terminal (a union station).

South Station opened in 1899 at a cost of $3.6 million (1899 dollars). The architects were Shepley, Rutan and Coolidge of Boston, and the construction was undertaken by the engineering firm of Westinghouse, Church, Kerr & Co. The station opened on January 1 for use by Old Colony Division and Midland Division trains, the latter of which had been using the Old Colony terminal since August 22, 1896 to allow for construction. B&A trains began using South Station on July 23, followed by Providence Division trains on September 10 (along with the opening of Back Bay station). Read more at https://en.wikipedia.org/wiki/South_Station

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: $15.00