Duluth and Winnipeg Railroad Co. - 1881 dated Partially Issued $1,000 Railway Bond
Inv# RB7375 Bond
$1,000 6% Uncanceled Bond printed by American Bank Note Co., N.Y & Boston. Most coupons remain. In relation to this piece, the Duluth, Winnipeg and Pacific Railway (reporting mark DWP) is a subsidiary railroad of Canadian National Railway (CN) operating in northern Minnesota, United States. A CN system-wide rebranding beginning in 1995 has seen the DWP logo and name largely replaced by its parent company. The DWP line is CN's connection between International Falls and Duluth, Minnesota, where the railroad connects to a short stretch of the former Duluth, Missabe and Iron Range Railway before following the former Wisconsin Central (both now wholly owned by CN) to Chicago, Illinois.
In 1970 DW&P reported 792 million ton-miles of revenue freight and no passenger miles; at the end of that year it operated 170 miles (274 km) of road and 232 miles (373 km) of track. Read more at https://en.wikipedia.org/wiki/Duluth,_Winnipeg_and_Pacific_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.
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