Group of three $10,000 Railroad BondsInv# RB5162
1920's or so
1920's or so, New York Central & Hudson River RR, Terminal Railroad Association of St. Louis, and Mohawk and Malone Railway. All Unissued with Superb graphics by American Bank Note and in Choice Mint Condition. High denomination bonds have become quite popular especially considering that a $10,000 US piece of Currency is $60,000 and up as a collectible! Imagine, 3 $10,000 Bonds!!! Scarce so nice. The Set of 3. Dr. William Seward Webb's Mohawk and Malone Railway crossed the northern Adirondacks at Tupper Lake Junction, just north of Tupper Lake. Webb was president of the Wagner Palace Car Company. He began by purchasing the narrow gauge Herkimer, Newport and Poland Railroad, which ran 16 miles from Herkimer to Poland, converting its trackage to standard gauge and straightening it to avoid multiple crossings of the West Canada Creek. He then had track built from Tupper Lake to Moira and thence to Montreal. This was called variously the Adirondack and St. Lawrence Railroad and the Mohawk and Malone. After 1893, it was controlled by the New York Central and Hudson River Railroad. It opened in 1892 from Malone Junction to Childwold Station with a branch from Lake Clear Junction to Saranac Lake. In 1913, it merged with the New York Central and Hudson River Railroad as the "Adirondack Division".
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.