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Reading Co. - dated 1945 $1,000 Railroad Bond - Monopoly Game Set Railway - Wonderful Color

Inv# RB5111   Bond
State(s): New York
Years: 1945
Color: Orange

$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 was a railroad in southeast Pennsylvania and neighboring states whose final iteration ran from 1924 until 1976, when it was absorbed by Conrail. The Reading’s oldest corporate predecessor, however, was the Schuylkill and Susquehanna Navigation Company incorporated, a canal company, making the Reading the oldest railroading corporation in the United States.

Commonly called the Reading Railroad, and logotyped as Reading Lines, the Reading Company was a railroad holding company for the majority of its existence and was a (single) railroad during its later years. It operated service as Reading Railway System and was a successor to the Philadelphia and Reading Railway Company founded in 1833. Until the decline in anthracite loadings in the Coal Region after World War II, it was one of the most prosperous corporations in the United States. Competition with the modern trucking industry that used the Interstate highway system for short distance transportation of goods, also known as short hauls, compounded the company's problems, forcing it into bankruptcy in the 1970s. Its railroad operations were merged into Conrail in 1976, but the corporation lasted into 2000, disposing of valuable real estate holdings. Read more at https://en.wikipedia.org/wiki/Reading_Company

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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: $50.00