East Tennesse, Virginia and Georgia Railway - 1886 dated $1,000 Railroad Gold Bond (Uncanceled)
Inv# RB5579 Bond
Tennessee
Virginia
$1,000 5% Gold Uncanceled Bond. Homer Lee Bank Note Co., NY. Truly Exceptional Bond!!! The East Tennessee, Virginia and Georgia Railroad (ETV&G) was a rail transport system that operated in the southeastern United States during the late 19th century. Created with the consolidation of the East Tennessee and Virginia Railroad and the East Tennessee and Georgia Railroad in 1869, the ETV&G played an important role in connecting East Tennessee and other isolated parts of Southern Appalachia with the rest of the country, and helped make Knoxville one of the region's major wholesaling centers. In 1894, the ETV&G merged with the Richmond and Danville Railroad to form the Southern Railway.
While efforts to establish a railroad in East Tennessee began in the 1830s, financial difficulties stalled construction until the late 1840s. The East Tennessee and Georgia Railroad was built between 1847 and 1859, connecting Knoxville, Tennessee, with Dalton, Georgia. The East Tennessee and Virginia Railroad was built between 1850 and 1856, connecting Knoxville with Bristol, Tennessee. Knoxville financier Charles McClung McGhee formed a syndicate which purchased both lines to form the ETV&G in 1869, and largely through McGhee's efforts, the new ETV&G bought out numerous other rail lines across the region. By 1890, the ETV&G controlled over 2,500 miles (4,000 km) of tracks in five states. Read more at https://en.wikipedia.org/wiki/East_Tennessee,_Virginia_and_Georgia_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.
Ebay ID: labarre_galleries