Terminal Railroad Association of St. Louis - 1903 dated $1,000 Railway 4% Gold Bond - Missouri History
Inv# RB5122 Bond$1,000 Railroad 4% Gold Bond. Attractive bond with large vignette of Railroad Terminal in St. Louis. Some cancellation holes near bottom. Still nice. Two pages of coupons. The Terminal Railroad Association of St. Louis (reporting mark TRRA) is a switching and terminal railroad that handles traffic in the St. Louis, Missouri, metropolitan area. It is co-owned by several Class I railroads that reach the city.
It was founded in 1889 in a deal orchestrated by Jay Gould with:
- Missouri Pacific Railroad
- St. Louis, Iron Mountain and Southern Railway, later part of the Missouri Pacific
- Wabash Railroad, later part of the Norfolk and Western Railway
- Ohio and Mississippi Railroad, later part of the Baltimore and Ohio Railroad
- Louisville and Nashville Railroad
- Cleveland, Cincinnati, Chicago and St. Louis Railway, later part of the New York Central Railroad
Its current owners are:
- BNSF Railway (1/7)
- Canadian National Railway (1/7) (Illinois Central Railroad until 1999)
- CSX Transportation (1/7)
- Norfolk Southern Railway (1/7)
- Union Pacific Railroad (3/7)
It also connects with the Kansas City Southern Railway; the Canadian Pacific Railway is the only Class I railroad that does not reach St. Louis.
The railroad's predecessor companies in St. Louis date to 1797, when the town was still part of Spanish Upper Louisiana. James Piggott was granted a license to operate a ferry between St. Louis and Illinoistown (now East St. Louis, Illinois). In 1819, Piggott's heirs sold the ferry to Samuel Wiggins, who operated the service with eight horses until a steam-powered ferry took over in 1828. Read more at https://en.wikipedia.org/wiki/Terminal_Railroad_Association_of_St._Louis
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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