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Ithaca-Cortland Traction Co - Railway Gold Bond (Uncanceled) - Gorgeous Artwork dated 1904

Inv# RB5185   Bond
State(s): New York
Years: 1904
Color: Green and Black

$1,000 5% Gold Bond. Uncanceled. Attractive vignette by Security Bank Note Co. Numerous coupons. Excellent Condition and Very Rare!

Ithaca /ˈɪθəkə/ is a city in the Finger Lakes region of New York, United States. Situated on the southern shore of Cayuga Lake, Ithaca is the seat of Tompkins County and the largest community in the Ithaca metropolitan statistical area. It is named after the Greek island of Ithaca.

A college town, Ithaca is home to Ivy League Cornell University and Ithaca College. Nearby is Tompkins Cortland Community College (TC3). These three colleges bring thousands of students to the area, who increase Ithaca's seasonal population during the school year. As of 2020, the city's population was 32,108.

Native Americans lived in this area for thousands of years. When reached by Europeans, this area was controlled by the Cayuga tribe of Indians, one of the Five Nations of the Haudenosaunee or Iroquois League. Jesuit missionaries from New France (Quebec) are said to have had a mission to convert the Cayuga as early as 1657.

Saponi and Tutelo peoples, Siouan-speaking tribes, later occupied lands at the south end of Cayuga Lake. Dependent tributaries of the Cayuga, they had been permitted to settle on the tribe's hunting lands at the south end of Cayuga Lake, as well as in Pony (originally Sapony) Hollow of what is known as present-day Newfield, New York. Remnants of these tribes had been forced from Virginia and North Carolina by tribal conflicts and European colonial settlement. Similarly, the Tuscarora people, an Iroquoian-speaking tribe from the Carolinas, migrated after defeat in the Yamasee War; they settled with the Oneida people and became the sixth nation of the Haudenosaunee, with chiefs stating the migration was complete in 1722.

During the Revolutionary War, four of the then six Iroquois nations helped the British attempt to crush the revolution, although bands made decisions on fighting in a highly decentralized way. Conflict with the rebel colonists was fierce throughout the Mohawk Valley and western New York. In retaliation for conflicts to the east and resentment at the way in which the Iroquois made war, the 1779 Sullivan Expedition was conducted against the Iroquois in the west of the state, destroying more than 40 villages and stored winter crops and forcing their retreat from the area. It destroyed the Tutelo village of Coregonal, located near what is now the junction of state routes 13 and 13A just south of the Ithaca city limits. Most Iroquois were forced from the state after the Revolutionary War, but some remnants remained. The state sold off the former Iroquois lands to stimulate development and settlement by non-indigenous Americans; lands were also granted as payment to veterans of the war.

Within the current boundaries of the City of Ithaca, Native Americans maintained a temporary hunting camp at the base of Cascadilla Gorge. In 1788, eleven men from Kingston, New York, came to the area with two Delaware people (Lenape) guides, to explore what they considered wilderness. The following year Jacob Yaple, Isaac Dumond, and Peter Hinepaw returned with their families and constructed log cabins. That same year Abraham Bloodgood of Albany obtained a patent from the state for 1,400 acres, which included all of the present downtown west of Tioga Street. In 1790, the federal government and state began an official program to grant land in the area, known as the Central New York Military Tract, as payment for service to the American soldiers of the Revolutionary War, as the government was cash poor. Most local land titles trace back to these Revolutionary war grants.

As part of this process, the Central New York Military Tract, which included northern Tompkins County, was surveyed by Simeon De Witt, Bloodgood's son-in-law. De Witt was also the nephew of Governor George Clinton. The Commissioners of Lands of New York State (chairman Gov. George Clinton) met in 1790. The Military Tract township in which Ithaca is located was named the Town of Ulysses. A few years later De Witt moved to Ithaca, then called variously "The Flats," "The City," or "Sodom"; he renamed it for the Greek island home of Ulysses in the spirit of the multitude of settlement names in the region derived from classical literature, such as Aurelius, Ovid, and especially of Ulysses, New York, the town that contained Ithaca at the time.

Around 1791, De Witt surveyed what is now the downtown area into lots and sold them at modest prices. That same year John Yaple built a grist mill on Cascadilla Creek. The first frame house was erected in 1800 by Abram Markle. In 1804, the village had a postmaster and, in 1805, a tavern.

Ithaca became a transshipping point for salt from curing beds near Salina, New York, to buyers south and east. This prompted construction in 1810 of the Owego Turnpike. When the War of 1812 cut off access to Nova Scotia gypsum, used for fertilizer, Ithaca became the center of trade in Cayuga gypsum. The Cayuga Steamboat Company was organized in 1819 and, in 1820, launched the first steamboat on Cayuga Lake, the Enterprise. In 1821, the village was incorporated at the same time the Town of Ithaca was organized and separated from the parent Town of Ulysses. In 1834, the Ithaca and Owego Railroad's first (horse-drawn) train began service, connecting traffic on the east–west Erie Canal (completed in 1825) with the Susquehanna River to the south to expand the trade network.

With the depression of 1837, the Ithaca and Owego RR was re-organized as the Cayuga & Susquehanna. It was re-engineered with switchbacks downhill into Ithaca in the late 1840s. In the late 20th century, a short section of its abandoned right-of-way in the city and town of Ithaca was used for the South Hill Recreation Way.

However, easier early railroad routes were constructed that bypassed Ithaca, such as that of the Syracuse, Binghamton & New York (1854). In the decade following the Civil War, railroads were built from Ithaca to the surrounding points of Auburn; Geneva; Cayuga; Cortland; Elmira, New York and Athens, Pennsylvania, mainly with financing from Ezra Cornell. These were all branch-lines, as the geography of the city, on a steep hill by the lake, had prevented it from being directly connected to a major transportation artery. Several decades later, when the Lehigh Valley Railroad built its main, double-track freight line from Van Etten Junction to Geneva (and on to Buffalo, New York), opened in 1892, it bypassed Ithaca and Auburn to the west (running via Burdett and eastern Schuyler County on easier grades), as the Delaware, Lackawanna and Western Railroad had also done with its own, new Binghamton-Buffalo mainline extension to the south and west, via Owego, Waverly, Bath and Dansville, in 1882. Two of three daily New York-Buffalo round-trip passenger trains served Ithaca on the older, original LV "Ithaca Branch" between Van Etten Junction and Geneva, until discontinuance of the "Black Diamond" daylight train, on May 11, 1959. On May 25, 1959, the overnight "Maple Leaf" train was shifted back to the Ithaca Branch from the main line via Burdett, and operated on this route until the LV discontinued this last passenger service on February 4, 1961.

In the late 19th century, more industry developed in Ithaca. In 1883, William Henry Baker and his partners started the Ithaca Gun Company, making shotguns. The original factory was located in the Fall Creek neighborhood of the city, on a slope later known as Gun Hill, where the nearby waterfall supplied the main source of energy for the plant. The company became an icon in the hunting and shooting world, its shotguns famous for their fine decorative work. Wooden gunstocks with knots or other imperfections were donated to the high school woodworking shop to be made into lamps. John Philip Sousa and trick-shooter Annie Oakley favored Ithaca guns. In 1937, the company began producing the Ithaca 37, based on a 1915 patent by noted firearms designer John Browning. Its 12-gauge shotguns were the standard used for decades by the New York City Police Department and Los Angeles Police Department.

In 1885, Ithaca Children's Home was established on West Seneca Street. The orphanage had two programs at the time: a residential home for both orphaned and destitute children, and a day nursery. The village established its first trolley in 1887. Ithaca developed as a small manufacturing and retail center and was incorporated as a city in 1888. The largest industrial company in the area was Morse Chain, elements of which were absorbed into Emerson Power Transmission on South Hill and Borg Warner Automotive in Lansing, New York.

Ithaca claims to be the birthplace of the ice cream sundae, created in 1892 when fountain shop owner Chester Platt "served his local priest vanilla ice cream covered in cherry syrup with a dark candied cherry on top. The priest suggested the dessert be named after the day, Sunday—although the spelling was later changed out of fear some would find it offensive." The local Unitarian church, where the priest, Rev. John Scott, preached, has an annual "Sundae Sunday" every September in commemoration. Ithaca's claim has long been disputed by Two Rivers, Wisconsin. Also in 1892, the Ithaca Kitty became one of the first mass-produced stuffed animal toys in the United States.

In 1903, a typhoid epidemic resulting from poor sanitation infrastructure devastated the city. Not having access to unpolluted water was one suspicion to the cause of the outbreak because "refuse and the contents of the early sewer system dumped directly into the inlet". One out of ten citizens fell ill or died. Local residents lost fifty-one people to the illness that year, but there was “an average of thirty-nine cases each year” for the consecutive ten years following.

In 1900, Cornell anatomy professor G. S. Moler made an early movie using frame-by-frame technology. For The Skeleton Dance, he took single-frame photos of a human skeleton in varying positions, giving the illusion of a dancing skeleton. During the early 20th century, Ithaca was an important center in the silent film industry. These films often featured the local natural scenery. Many of these films were the work of Leopold Wharton and his brother Theodore; The Whartons Studio was on the site of what is now Stewart Park.

The Star Theatre on East Seneca Street was built in 1911 and became the most popular vaudeville venue in the region. Wharton movies were also filmed and shown there. After the film industry centralized in Hollywood, production in Ithaca effectively ceased. Few of the silent films made in Ithaca have been preserved.

After World War II, the Langmuir Research Labs of General Electric developed as a major employer; the defense industry continued to expand. GE's headquarters were in Schenectady, New York, to the northeast in the Mohawk Valley.

Although Ithaca has a history of Ku Klux Klan activity, including a cross-burning in 1923 and 1924, "the peak years of Klan activity in Ithaca were 1923-1925" and it represented only a fraction of the population. Ithaca is known for its political activism regarding civil rights and environmental issues. “Martin Luther King Jr. came to speak twice in Ithaca, in 1960 and 1961”. The annual Ithaca Festival, which often takes place on the Ithaca Commons or Stewart Park, frequently centers around themes promoting "a political statement into a cultural and festive event”

For decades, the Ithaca Gun Company tested their shotguns behind the plant on Lake Street; the shot fell into the Fall Creek gorge at the base of Ithaca Falls. Lead accumulated in the soil in and around the factory and gorge. A major lead clean-up effort sponsored by the United States Superfund took place from 2002 to 2004, managed through the Environmental Protection Agency. The old Ithaca Gun building has been dismantled. It was scheduled to be replaced by the development of an apartment complex on the cleaned land.

The former Morse Chain company factory on South Hill, now owned by Emerson Power Transmission, was the site of extensive groundwater and soil contamination from its industrial operations. Emerson Power Transmission has been working with the state and South Hill residents to determine the extent and danger of the contamination and aid in cleanup.

In 2004, Gayraud Townsend, a 20-year-old senior in Cornell's School of Industrial and Labor Relations, was sworn in as alderman of the city council: the first black male to be elected to the council and the youngest African American to be elected to office in the United States. He served his full term and has mentored other student politicians. In 2011 Cornell Class of 2009 graduate Svante Myrick was elected as the youngest mayor of the city of Ithaca.

Cortland is a city and the county seat of Cortland County, New York. Known as the Crown City, Cortland is in New York's Southern Tier region. As of the 2020 census it had a population of 17,556.

The city of Cortland, near the county's western border, is surrounded by the town of Cortlandville.

The city is within the former Central New York Military Tract. It is named after Pierre Van Cortlandt, the first lieutenant governor of New York.

Cortland, settled in 1791, was made a village in 1853 (rechartered in 1864), and incorporated in 1900 as New York's 41st city. When the county was formed in 1808, Cortland vied with other villages to become the county seat. Known as the "Crown City" because of its location on a plain formed by the convergence of seven valleys, Cortland is 1,130 feet (340 m) above sea level. Forty stars representing the 40 cities incorporated before Cortland circle the State of New York and Crown on the city's official seal. The seven points of the crown represent the seven valleys surrounding Cortland. The 41st star in the center of the crown illustrates Cortland as the incorporated city closest to New York's geographic center.

Cortland's leading industry in the late 19th and early 20th centuries was the Wickwire Brothers wire-drawing mill, noted for its production of wire hardware cloth for use as window screens. The extent of the Wickwires' wealth is demonstrated in the two magnificent mansions they commissioned. The Victorian Chateauesque-style home of Chester Wickwire is now operated as the 1890 House Museum & Center for Victorian Arts. Charles Wickwire's 1912 home is now owned and operated by the SUNY Cortland Alumni Association. It is open to the public and used by the Alumni Association to host college-related events and house visiting dignitaries.

Cortland was also the location of Brockway Motor Company, a pioneering truck maker. Begun in 1875 as Brockway Carriage Works, it was taken over by Mack Trucks in 1956 and survived until 1977. The city continues to host an annual show of Brockway trucks.

From 1960 to 1992, Smith Corona typewriters were manufactured in Cortland.

Cortland boasts a classic octagon house. The Cortland Rural Cemetery is styled as a garden setting and is still in operation.

In 1868, Cortland became the home of the Cortland Normal School, which gradually developed into a four-year college. With graduate programs and research capacity, it has expanded into the State University of New York at Cortland.

In 2006, Cortland's historic clock tower burned down. It was later rebuilt, with spaces in the building for both businesses and apartments.

The Cortland County Courthouse, Cortland County Poor Farm, Cortland Fire Headquarters, Cortland Free Library, First Presbyterian Church Complex, William J. Greenman House, Randall Farm, Tompkins Street Historic District, Unitarian Universalist Church, and United States Post Office are listed on the National Register of Historic Places.

Notable people

  • Carl Carmer, author
  • Roland H. Cook, Director Office of Market Analysis and Agency Finance, United States Treasury
  • Charles Henry De Groat, Union Army brigadier general
  • William Dillon, composer, lyricist, and vaudevillian
  • Ronnie James Dio, former frontman for Rainbow and Black Sabbath; street in Cortland is named for him (Dio Way)
  • Nancy Duffy, Syracuse news personality and founder of the Syracuse St. Patrick's Day Parade
  • Katharine May Edwards, Wellesley College professor and classics scholar
  • Alice Cately Etting, owner and manager of the city's Cately and Etting Wagon company from 1898 to 1916, developer of a device to raise and lower folding carriage covers and an organizer of the city's American Red Cross chapter.
  • Florence Campbell Fitzgerald, former Chairwoman of the Cortland County Board of Supervisors (now called the Cortland County Legislature), was the second woman in the state elected to lead a county board when she took office in 1969.
  • Col. Arnald Gabriel, Commander and Conductor of US Air Force Band, US Air Force Symphony Orchestra, and Singing Sergeants.
  • Chester Gillette, convicted of the 1906 murder of Grace Brown of Cortland, his girlfriend, in highly publicized and controversial trial; executed in 1908.
  • Milo Goodrich, former US congressman.
  • Charles W. Goodyear, businessman and railroad owner.
  • Leidy Klotz, retired soccer player; professor, author.
  • Jim Mahady, former Baseball second baseman for the New York Giants.
  • Dennis Mepham, retired soccer player.
  • Nathan Lewis Miller, former governor of New York.
  • Gideon C. Moody, former senator of South Dakota.
  • Mark Nauseef, musician.
  • Alton B. Parker, Democratic candidate for president in 1904.
  • Myrtie (or Myrtle) Pearl Pennoyer (1878-1953), a city philanthropist known for her volunteer work at The King's Daughters Home for Children, the local chapter of the American Red Cross, creating a scholarship through the YWCA in memory of her daughter Laura, volunteering with the Cortland County Historical Society and the Women's Christian Temperance Union. Pennoyer was the adopted daughter of Cortland residents George and Lydia G. Pennoyer and Pearl Street, located between Warren and Tompkins streets, is named after Pennoyer.
  • Andy Shay, head coach of lacrosse at Yale
  • Sime Silverman, publisher.
  • Eric Soderholm, former professional baseball player.
  • Dr. Julia H. Spalding, a doctor who started a homeopathic medical practice specializing in chronic illnesses in Cortland in 1883.
  • Elmer Ambrose Sperry, inventor of gyroscopic compass who held over 400 patents; USS Sperry is named after him.
  • Aljamain Sterling, UFC bantamweight, MMA fighter.
  • Joel Eric Suben, composer and conductor.
  • Raymond Gram Swing, journalist.
  • Samuel Ringgold Ward, African-American who escaped enslavement to become an abolitionist, newspaper editor and Congregational minister.
  • Susan West, the first female Supervisor on the Cortland County Board of Supervisors, was elected to that body in 1941.
  • Dr. Edith Irene Flower Wheeler, a city physician who worked in Cortland starting in 1922, served as the president of the Cortland County Medical Society and the vice-president of the Women's Medical Society of New York.
  • Spiegle Willcox, jazz trombone player, composer, and singer.
  • Gary Wood, NFL quarterback.

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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.

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