Cleveland, Cincinnati, Chicago and St. Louis Railway - $1,000 Railroad Gold Bond - Illinois, Indiana, Michigan & OhioInv# RB5038 Bond
$1,000 Railroad Bond. Absolutely superb vignette & graphics of a very large locomotive at the edge of a water scene. Scarce!! So very nice!!
The Cleveland, Cincinnati, Chicago and St. Louis Railway, also known as the Big Four Railroad and commonly abbreviated CCC&StL, was a railroad company in the Midwestern United States. It operated in affiliation with the New York Central system. Its primary routes were in Illinois, Indiana, Michigan, and Ohio. At the end of 1925 it reported 2,391 route-miles and 4,608 track-miles; that year it carried 8180 million net ton-miles of revenue freight and 488 million passenger-miles. The railroad was formed on June 30, 1889, by the merger of the Cleveland, Columbus, Cincinnati and Indianapolis Railway, the Cincinnati, Indianapolis, St. Louis and Chicago Railway and the Indianapolis and St. Louis Railway. The following year, the company gained control of the former Indiana, Bloomington and Western Railway (through the foreclosed Ohio, Indiana and Western Railway and through an operating agreement with the Peoria and Eastern Railway).
In 1906, the Big Four was acquired by the New York Central Railroad, which operated it as a separate entity until around 1930. The Big Four's lines were later incorporated into Penn Central in 1968 with the merger of New York Central and the Pennsylvania Railroad. Penn Central declared bankruptcy in 1970, and in 1976 many of Big Four's lines were included in the government-sponsored Conrail. Conrail was privatized in 1987 and in 1997 was jointly acquired by CSX and Norfolk Southern. The railroad was headquartered in Indianapolis, Indiana, in the Chesapeake Building at 105 South Meridian Street. The building was constructed for the railroad in 1929 and was also known as the Big Four Building. In 1996, this multi-story structure became a Hampton Inn hotel.
Between 1904 and 1908 the railroad constructed a repair shop for steam locomotives and for passenger and freight cars in Beech Grove, Indiana. Amtrak purchased the facility, now known as the Beech Grove Shops, from the bankrupt Penn Central in 1975. The railroad operated a terminal at Bellefontaine, Ohio, that included the largest roundhouse in use at that time between New York City and St. Louis, Missouri. Conrail closed the Bellefontaine terminal in 1983, and its roundhouse was dismantled. A large yard facility known as the Big Four Yards is located in Avon, Indiana, along the line's tracks, now owned and operated by CSX. In 1895, the railroad acquired what became known as the Big Four Bridge across the Ohio River at Louisville, Kentucky, thereby giving it access to that city. Use of the bridge for railroad purposes ceased by 1968, and it sat abandoned until work began by 2006 to convert it to use by pedestrians and bicyclists. Read more at https://en.wikipedia.org/wiki/Cleveland,_Cincinnati,_Chicago_and_St._Louis_Railway
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.