Texas Electric Railway - 1917 dated $1,000 Uncanceled Railroad Gold Bond

$1,000 6% Gold Bond printed by Western Bank Note Co., Chicago. Some coupons remain. The Texas Electric Railway is a historic interurban railroad that operated from Dallas, Texas, to Denison, Corsicana, and Waco. It began operation in 1908 and through the merger of several companies became the largest interurban railway operator in the South before its demise in 1948.

In 1901 the Denison and Sherman Railway opened as the first interurban rail line in Texas, connecting the towns of Denison and Sherman with ten miles of track. This line was purchased in 1911 by the Texas Traction Company, who had constructed a sixty-five-mile line of their own from Dallas to Sherman and began operation in 1908. Seeing a need to expand in other directions, the owners of the Texas Traction Company purchased a twenty-eight-mile line from Dallas to Waxahachie in 1912. Built by the Dallas Southern Traction Company, the company became known as the Southern Traction Company and the rail line extended to Waco in 1913. A separate fifty-six-mile line from Dallas to Corsicana was also completed. In 1917 the Texas Traction Company and the Southern Traction Company merged to form the Texas Electric Railway Company and became the largest interurban railway in the South with more than 200 miles of track. The interurban became a vital link for communities until the popularity of the automobile caused a decline in revenue. The Dallas-Corsicana branch was discontinued in 1941 and the Dallas-Waco and Dallas-Denison branches closed in 1948. Read more at https://en.wikipedia.org/wiki/Texas_Electric_Railway

Read More

Read Less