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Evansville and Terre Haute Railroad - Partially Issued 6% $1,000 Indiana Railway Bond

Inv# RB5608   Bond
State(s): Indiana
Years: 1880

$1,000 Bond. Graphics by Franklin Bank Note Co., NY. All 60 coupons. Neatly hole cancelled at bottom. Outstanding!! The Evansville and Crawfordsville Railroad Company was Evansville, Indiana's first railroad company. It was first chartered in 1853 by William D. Griswold, a lawyer in Terre Haute, Indiana. It was renamed Evansville and Terre Haute Railroad in 1877. It went on to be consolidated without railroads of the region into the Chicago & Eastern Illinois Railroad. Chauncey Rose was a key player in financing its construction.

The Vincennes railroad was originally chartered as the Evansville & Illinois to connect with the Ohio & Mississippi Railroad at Olney, later at Vincennes January 21, 1849. It was extended to Terre Haute, Rockville, and Crawfordsville. The section from Vincennes to Terre Haute, 58 miles built under WD Griswold and Chauncey Rose, was opened to through traffic on November 23, 1853 and completed in 1854. Rose donated his stock in the Terre Haute & Indianapolis Railroad to the Evansville and Crawfordsville to finance its construction. Read more at https://en.wikipedia.org/wiki/Evansville_and_Crawfordsville_Railroad

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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: $205.00