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 & Maine Corporation (reporting mark BM), known as the Boston & 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 & 92 million passenger-miles.
The Andover & Wilmington Railroad was incorporated March 15, 1833, to build a branch from the Boston & 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 & Haverhill Railroad on April 18, 1837, reflecting plans to build further to Haverhill, Massachusetts (opened later that year), & yet further to Portland, Maine, with the renaming to the Boston & 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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