National Properties Co. American Railways - 1916 dated $1,000 Railroad Gold Bond

$1,000 4-6% Gold Bond printed by Republic Bank Note Co., Pittsburgh, PA. 50 of 60 coupons remain. Uncanceled. Superb vignette! Rail transportation in the United States consists primarily of freight shipments along a well integrated network of standard gauge private freight railroads that also extend into Canada and Mexico. The United States has the largest rail transport network of any country in the world, about 160,000 miles (260,000 km).

Passenger service is a mass transit option for Americans with commuter rail in most major American cities, especially on the East Coast. Intercity passenger service was once a large and vital part of the nation's passenger transportation network, but passenger service shrank in the 20th century as commercial air traffic and the Interstate Highway System made commercial air and road transport a practical option throughout the United States.

The nation's earliest railroads were built in the 1820s and 1830s, primarily in New England and the Mid-Atlantic states. The Baltimore and Ohio Railroad, chartered in 1827, was the nation's first common-carrier railroad. By 1850, an extensive railroad network had taken shape in the rapidly industrializing Northeastern United States and the Midwest, while fewer railroads were built in the South, which was more agricultural than other regions. During and after the American Civil War, the first transcontinental railroad was built, to join California with the rest of the national network, at a connection in Iowa. Read more at https://en.wikipedia.org/wiki/Rail_transportation_in_the_United_States

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