Skip to main content

New York, Ontario and Western Railway Co. - $1,000 Railroad 4% Gold Bond

Inv# RB5667   Bond
State(s): New York
Years: 1913-45

$1,000 4% Gold Bond. American Bank Note Co., NY. Also available unissued at a lesser price. Please inquire if interested.

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.

On September 3, 1869, the New York and Oswego Midland Railroad began using the Pennsylvania Railroad's station at Exchange Place which provided its passengers with ferry access to the Cortland Street Ferry Depot in lower Manhattan and the Desbrosses Street Ferry. Read more at https://en.wikipedia.org/wiki/New_York,_Ontario_and_Western_Railway

Read More

Read Less

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: $75.00