Lehigh Valley Rail Way Co. - 1890 dated Railroad Gold Bond
Inv# RB5790 Bond
$1,000 4 1/2% Gold Bond printed by New York Bank Note Co. 3 pages of coupons attached. Very Rare! The Lehigh Valley Railroad (reporting mark LV) was a railroad in the Northeastern United States built predominantly to haul anthracite coal from the Coal Region in Northeastern Pennsylvania to major consumer markets in Philadelphia, New York City, and elsewhere.
On April 21, 1846, the railroad was authorized to provide freight transportation of passengers, goods, wares, merchandise, and minerals in Pennsylvania. On September 20, 1847, the railroad was incorporated and established, initially called the Delaware, Lehigh, Schuylkill and Susquehanna Railroad Company.
On January 7, 1853, the railroad's name was changed to Lehigh Valley Railroad. It was sometimes known as the Route of the Black Diamond; black diamond is a slang word for anthracite, the high-end type of Pennsylvania coal that it initially transported by boat down the Lehigh River. Read more at https://en.wikipedia.org/wiki/Lehigh_Valley_Railroad
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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