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Ohio and Mississippi Railway Co. - Bond

Inv# RB5614   Bond
Ohio and Mississippi Railway Co. - Bond
State(s): Illinois
Years: 1887-91

Lith. by Franklin Bank Note Co., NY. Neatly small hole cancelled. Some coupons. Rare!!

The Ohio and Mississippi Railway (earlier the Ohio and Mississippi Rail Road), abbreviated O&M, was a railroad operating between Cincinnati, Ohio, and East St. Louis, Illinois, from 1857 to 1893.

General Ormsby M. Mitchel was a civil engineer on this project.

The railroad started in 1854 and paralleled the Cincinnati and Whitewater Canal. Its East St. Louis terminal near the Mississippi River was completed in 1857. It was a founding rail line of the Terminal Railroad Association of St. Louis.

On September 17, 1861, during the American Civil War a train carrying union troops fell through a sabotaged bridge at Huron, Indiana, injuring or killing 100.

On October 6, 1866, the Adams Express Company car was robbed by the Reno Gang just east of Seymour, Indiana, becoming the first train robbery in U.S. history.

It merged in 1893 with the Baltimore and Ohio Southwestern Railway, and is now part of CSX Transportation's Indiana Subdivision and Illinois Subdivision.

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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: $150.00