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Humeston and Shenandoah Railroad Co. - $1,000 1881 dated Railroad Bond

Inv# RB7526   Bond
State(s): Iowa
Years: 1881

$1,000 7% Bond printed by Western BN & Engraving Co. 31 coupons remain. Rare! Measures 16 3/4" x 22".

The Humeston and Shenandoah Railway (earlier Humeston and Shenandoah Railroad until 1896) was part of a collection of railroad lines built as a westward extension to the Missouri, Iowa, and Nebraska Railway across southern Iowa, US, in the last half of the 19th century. These lines were later exclusively operated, during the 20th century, by the Burlington Route. The Humeston and Shenandoah were originally envisioned as part of a strategy to allow Jay Gould and his Wabash Railroad to reach Omaha, Nebraska. The line's construction was contested, however, by the Burlington Route, and eventually Gould compromised and allowed the H&S Railroad to be built as a joint initiative with the Burlington. Upon completion of construction, the H&S line was leased for operation to a company owned jointly by the Wabash and the Burlington on April 1, 1881, and operated for their joint accounts. This arrangement continued until the Wabash bankruptcy of 1899, after which the line was operated by the Burlington Route under lease. Read more at https://en.wikipedia.org/wiki/Humeston_and_Shenandoah_Railway

Condition: Excellent

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: $144.00