Dubuque and Sioux City Railroad Co. - 1863 dated $500 Iowa Railway Bond
Inv# RB7461 Bond
$500 7% Bond printed by Gilmore Printer, Dubuque. Red seal and 25 cents revenue stamp! Rare! Civil War Dated! Tape repair and stains. Became part of the Illinois Central Railroad (reporting mark IC), sometimes called the Main Line of Mid-America, which was a railroad in the Central United States, with its primary routes connecting Chicago, Illinois, with New Orleans, Louisiana, and Mobile, Alabama, and thus, the Great Lakes to the Gulf of Mexico. A line also connected Chicago west to Sioux City, Iowa (1870). There was a significant branch to Omaha, Nebraska (1899), west of Fort Dodge, Iowa, and another branch reaching Sioux Falls, South Dakota (1877), starting from Cherokee, Iowa. The IC also serviced Miami, Florida, on trackage owned by other railroads.
Beginning in 1850, IC was the first U.S. railroad in which construction was partially financed through a federal land grant - such financing became a key to building U.S. railroads in the 19th century. The Canadian National Railway acquired control of the IC in 1998, and merged its operations in 1999. The Illinois Central Railroad maintains its corporate existence as a non-operating subsidiary. Read more at https://en.wikipedia.org/wiki/Illinois_Central_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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