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Michigan Central Railroad Co. - 1890's-1920's dated $1,000 Green Railway Bond OR $5,000 Brown Bond - Your Choice

Inv# RB5081   Bond
State(s): Michigan
Years: 1890's-1920's
Color: Brown or Green

$1,000 Green Bond or $5,000 Brown 4% Bond printed by American Bank Note Co., New York. Please specify color. Nice vignette of trains passing under bridge. Superb graphics! Rare!!!

The Michigan Central Railroad (reporting mark MC) was originally incorporated in 1846 to establish rail service between Detroit, Michigan, and St. Joseph, Michigan. The railroad later operated in the states of Michigan, Indiana, and Illinois in the United States and the province of Ontario in Canada. After about 1867 the railroad was controlled by the New York Central Railroad, which later became part of Penn Central and then Conrail. After the 1998 Conrail breakup, Norfolk Southern Railway now owns much of the former Michigan Central trackage. At the end of 1925, MC operated 1871 miles of road and 4139 miles of track; that year it reported 4304 million net ton-miles of revenue freight and 600 million passenger-miles.

  • Michigan Central Railroad
    • Battle Creek and Bay City Railroad 1889
    • Buchanan and St. Joseph River Railroad 1897
    • Central Railroad of Michigan 1837-1846
      • Detroit and St. Joseph Railroad 1831-1837
    • Detroit and Bay City Railroad 1881
    • Detroit and Charlevoix Railroad 1916
      • Frederick and Charlevoix Railroad 1901
    • Detroit River Tunnel Company Railroad 1918
    • Jackson, Lansing and Saginaw Railroad 1871
    • Joliet and Northern Indiana Railroad 1851
    • Kalamazoo and South Haven Railroad 1870
    • Michigan Air Line Railway 1870
    • Michigan Midland and Canada Railroad 1878
    • Saginaw Bay and Northwestern Railroad 1884
      • Pinconning Railroad 1879
        • Glencoe, Pinconning and Lake Shore Railroad 1878
    • St. Louis, Sturgis and Battle Creek Railroad 1889

The line between Detroit and St. Joseph, Michigan was originally planned in 1830 to provide freight service between Detroit and Chicago by train to St. Joseph and via boat service on to Chicago. The Detroit & St. Joseph Railroad was chartered in 1831 with a capital of $1,500,000. The railroad actually began construction on May 18, 1836, starting at "King's Corner" in Detroit, which was the name by which the southeast corner of Jefferson and Woodward Avenue was then known. Note that this is not the location of Michigan Central Station, which apparently replaced this building. Read more at https://en.wikipedia.org/wiki/Michigan_Central_Railroad

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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: $24.50