New York, Ontario and Western Railway Co. - circa 1900's Unissued $5,000 Railroad Bond
Inv# RB5668A Bond
$5,000 4% Unissued Gold Bond printed by Franklin Bank Note Co., NY. Great! The New York, Ontario and Western Railway, more commonly known as the O&W or NYO&W, was a regional railroad with origins in 1868, lasting until March 29, 1957 when it was ordered liquidated by a US bankruptcy judge. It was the first notable U.S. railroad with its mainline entirely abandoned.
The railroad began life as the New York and Oswego Midland Railroad, organized by Dewitt C. Littlejohn in 1868. Its mainline extended from Weehawken, New Jersey, in the greater New York City area to Oswego, New York, a port city on Lake Ontario. It had branch lines to Scranton, Pennsylvania; Kingston, New York; Port Jervis, New York; Monticello, New York; Delhi, New York; Utica, New York and Rome, New York. The part south of Cornwall, New York, was operated over the New York Central Railroad's West Shore Railroad via trackage rights. Read more at https://en.wikipedia.org/wiki/New_York,_Ontario_and_Western_Railway
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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