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Pair of Mohawk & Hudson Rail Road Co. Items - $1,000 Bond and Stock Transfer - 2 Pieces

Inv# RB7403   Bond
State(s): New York
Years: 1840

Unissued $1,000 6% Bond and Stock Transfer. The pair!  The Mohawk & Hudson Railroad was the first railroad built in the state of New York and one of the first railroads in the United States. It was so-named because it linked the Mohawk River at Schenectady with the Hudson River at Albany. It was conceived as a means of allowing Erie Canal passengers to quickly bypass the circuitous Cohoes Falls via steam powered trains.

The railroad was incorporated on April 17, 1826, as the Mohawk & Hudson Company and opened for public service on August 9, 1831. On April 19, 1847, the company name was changed to the Albany & Schenectady Railroad. The railroad was consolidated into the New York Central Railroad on May 17, 1853.

On December 28, 1825, Schenectady County resident (Duanesburg) George William Featherstonhaugh (pronounced Fenshaw) ran a newspaper notice announcing the formation of the Mohawk & Hudson Rail Road Company. The intention was to bypass the Erie Canal between Albany and Schenectady, cutting time for the trip from a whole day to under one hour. The Mohawk & Hudson became the first chartered railroad in New York State on April 17, 1826. Read more at https://en.wikipedia.org/wiki/Albany_and_Schenectady_Railroad

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Condition: Excellent

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