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Columbus, Marion and Bucyrus Railway Co. - 1914 dated $1,000 Railroad Gold Bond

Inv# RB7279   Bond
Columbus, Marion and Bucyrus Railway Co. - 1914 dated $1,000 Railroad Gold Bond
State(s): Ohio
Years: 1914
Color: Green and Black

$1,000 3% Gold Bond printed by Globe Litho. Co., N.Y. Most coupons remain. The Columbus, Marion and Bucyrus Railway lost money during the late 1920s. The railway went bankrupt in 1930 and was absorbed into Columbus, Delaware, and Marion in 1931. In 1931, the Cleveland, Southwestern and Columbus Railway abandoned its rail lines, causing the CD&M to lose revenue from its Cleveland freight service in 1933 The company filed for bankruptcy in March 1933 and abandoned rail passenger service in August 1933. Passenger rail was replaced by bus service. The CD&M Electric Company was merged with the Reserve Power Company to form Marion-Reserve Power Company in 1937.

The Ohio Railway Museum in Worthington operates on about one mile of former Columbus, Delaware and Marion right-of-way. The museum's collection includes a preserved CD&M parlor car numbered 501. Until 1969, another 5.2-mile (8.4 km) segment of CD&M track, leading to a power plant, was used in Marion. Beginning in 2006, the Marion County Park District was working to establish a trail along the abandoned right of way. Read more at https://en.wikipedia.org/wiki/Columbus%2C_Delaware_and_Marion_Railway

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: $110.00