Fort Worth and Denver City Railway Co. - 1889 dated $1,000 Railroad Bond - Texas and Colorado
Inv# RB7505 Bond
Texas
$1,000 5% Bond printed by Sackett & Wilhelms Litho. Co., N.Y. Nice train vignette! The Fort Worth and Denver Railway (reporting mark FWD), nicknamed "the Denver Road", was a class I American railroad company that operated in the northern part of Texas from 1881 to 1982, and had a profound influence on the early settlement and economic development of the region. The Fort Worth and Denver City Railway Company (FW&DC) was chartered by the Texas Legislature on May 26, 1873. On August 7, 1951, the company changed its name to the Fort Worth and Denver Railway Company (FW&D).
The main line of the railroad ran from Fort Worth through Wichita Falls, Childress, Amarillo, and Dalhart, to Texline, where it connected with the rails of parent company Colorado and Southern Railway, both of which became subsidiaries of the Burlington Route in 1908. At the end of 1970, FW&D operated 1,201 mi (1,933 km) of road on 1,577 mi (2,538 km) of track; that year it reported 1493 million ton-miles of revenue freight. (Those totals may or may not include the former Burlington-Rock Island Railroad.) In 1980, operated mileage had dropped to 1181, but freight was 7732 million ton-miles; the tide of coal had begun. Read more at https://en.wikipedia.org/wiki/Fort_Worth_and_Denver_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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