Reading Co. - 1945 dated $1,000 Railroad Bond - Monopoly Game Set Railway - Wonderful Color
Inv# RB5111 Bond$1,000 3 1/8% Railroad Bond printed by American Bank Note Company. Exceptional BOLD vignette of train & male figures. Rows of coupons to right. Great for framing. One of the Monopoly Railroads!!! The Reading Company, commonly known as the Reading Railroad and branded as Reading Lines, was a Philadelphia-based railroad that provided passenger and freight services across eastern Pennsylvania and neighboring states. Operating from 1924 until its acquisition by Conrail in 1976, the company primarily functioned as a railroad holding company for much of its existence, later becoming a single railroad entity. It operated under the name Reading Railway System and was the successor to the Philadelphia and Reading Railway Company, which was founded in 1833. For much of its history, the Reading Company was one of the most prosperous corporations in the United States, largely due to its anthracite coal traffic from the Coal Region, until a decline in demand after World War II.
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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