Ottumwa, Cedar Falls and St. Paul Railway Co. Proof dated 1884 - Railroad Bond Proof - Gorgeous

$1,000 5% Proof Bond printed by American Bank Note Co., N.Y. Superb color and graphics! Mounted on card. This railroad operated from 1883 to 1884 and then became part of the Chicago and North Western (reporting mark CNW) which was a Class I railroad in the Midwestern United States. It was also known as the "North Western". The railroad operated more than 5,000 miles (8,000 km) of track at the turn of the 20th century, and over 12,000 miles (19,000 km) of track in seven states before retrenchment in the late 1970s. Until 1972, when the employees purchased the company, it was named the Chicago and North Western Railway (or Chicago and North Western Railway Company).

The C&NW became one of the longest railroads in the United States as a result of mergers with other railroads, such as the Chicago Great Western Railway, Minneapolis and St. Louis Railway and others. By 1995, track sales and abandonment had reduced the total mileage to about 5,000. The majority of the abandoned and sold lines were lightly trafficked branches in Iowa, Illinois, Minnesota, South Dakota and Wisconsin. Large line sales, such as those that resulted in the Dakota, Minnesota and Eastern Railroad, further helped reduce the railroad to a mainline core with several regional feeders and branches. Union Pacific (UP) purchased the company in April 1995 and integrated it with its own operation. Read more at https://en.wikipedia.org/wiki/Chicago_and_North_Western_Transportation_Company