The Jersey Shore, Pine Creek and Buffalo Railway Bond signed by William K. Vanderbilt, Cornelius Vanderbilt, Frederick Vanderbilt, and Chauncey DepewInv# AG1011 Bond
$10,000 6% Bond issued to W.H. Vanderbilt and signed by his 3 important sons. Also signed by Chauncey M. Depew.
Cornelius Vanderbilt (1843-1899), This Canada Southern Railway Bond of the Dominion of Canada is one of the most beautiful of the 19th Century. The two vignettes are so rich and strong with the most beautiful engraving by American Bank Note Co., NY. The green color is so vibrant! Truly Exceptional with a lightly cancelled signature of Cornelius Vanderbilt. This $10,000 bond dated 1877 is in superb Mint Condition. From the Syracuse University Collection. The Canada Southern Railway (AAR reporting marks CASO) was a railroad in southern Ontario, Canada, founded on February 28, 1868 as the Erie and Niagara Extension Railway and later adopted the Canada Southern Railway name on December 24, 1869. In 1904 the railroad was leased to the Michigan Central Railroad for 99 years; in 1929 it was subleased to the New York Central Railroad for 999 years. Its successors Penn Central (formed 1968) and Conrail (formed 1976) later exercised control. On April 30, 1985, the Canadian National Railway and Canadian Pacific Railway jointly purchased the former CASO from Conrail in order to acquire the Michigan Central Railway Tunnel and the Suspension Bridge at Niagara Falls. The CASO rarely operated its own rolling stock after acquisition, and its reporting mark was abolished in 1977.
William K. Vanderbilt, Jr., (1878-1944) Railroad Executive, Son of William K. Vanderbilt. Began with N.Y. Central Lines, 1903, became assistant to the President, 1910, V.P. 1912, President 1918, Director Western Union Tel. Co. U.S. Navy 1917-18.
Frederick W. Vanderbilt (1856-1938), Capitalist, Son of Wm. H. Vanderbilt. Obtained business training in offices of his father’s railroad system. Owned a great Steam Yacht “The Warrior”. Exceptional estate at Hyde Park on the Hudson. Director of many railroads and other corporations. Along with his brothers Cornelius and William K, he kept the New York Central System strong.
Chauncey M. Depew (1834-1928), Lawyer, Railway President. Member N.Y. Legislature, N.Y. Secretary of State, Appointed first U.S. Minister to Japan. Depew resigned to become attorney and legislative contact man for Commodore Cornelius Vanderbilt’s Railroads. He was president of the New York Central 1885-98 and U.S. Senator N.Y. in 1899-1911. An accomplished raconteur, he was widely influential in his day.
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.