Central New York and Western Railroad Co. - 1892 dated $1,000 Railway Gold Bond - Absolutely Beautiful Design
Inv# RB7234
Bond
$1,000 5% Gold Bond printed by American Bank Note Company, New York. Most coupons remain.
The Central New York and Western Railroad Company (of 1899):
Constructed by The Lackawanna and Pittsburgh Railroad Company—
Wayland Junction to Swains, N. Y., about 1884 17.06
Angelica to Rockville, N. Y., about 6.5 miles of road constructed about 1884; withdrawn from operation by a successor company about 1890; road dismantled about 1895; right of way still held by the carrier. Read more at https://en.wikipedia.org/wiki/Wikipedia:WikiProject_Trains/ICC_valuations/Pittsburg,_Shawmut_and_Northern_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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