Ridgefield Park Railroad Co. - 1872 dated $1,000 New Jersey Railway Gold Bond - Fantastic Design
Inv# RB7320 Bond
$1,000 7% Gold Bond printed by Henry Seibert & Bros., N.Y. Most coupons remain. Rare! Large size measures 17" x 29 3/4" with coupons.
The West Shore Railroad was the final name of a railroad that ran from Weehawken, New Jersey, on the west bank of the Hudson River opposite New York City, north to Albany, New York, and then west to Buffalo. It was organized as a competitor to the New York Central and Hudson River Railroad, but was soon taken over by that company.
At the south end of the route, the Ridgefield Park Railroad was incorporated April 4, 1867. This was planned as a branch of the New Jersey Rail Road, splitting at Marion Junction and running north on the west side of the New Jersey Palisades via Ridgefield Park to the state line at Tappan, New York. Read more at https://en.wikipedia.org/wiki/West_Shore_Railroad
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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