Toledo, Peoria and Western Railway Co. - 1887 dated $1,000 Railroad Gold Bond
Inv# RB7472 Bond
Ohio
$1,000 4% Bond printed by American Bank Note Company, New York. Great train vignette on this attractive bond!
The Toledo, Peoria and Western Railway (reporting mark TPW) is a short line railroad that operates 247 miles (398 km) of track from Mapleton, Illinois, through Peoria across Illinois to Logansport, Indiana. TP&W has trackage rights between Galesburg, Illinois, and Peoria, between Logansport and Kokomo, Indiana, and between Reynolds, Indiana, and Lafayette, Indiana. TPW has connections with UP, BNSF, NS, CSXT, CN, CP, BL, CERA, CIM, KBSR and T&P. The railroad is now owned by Genesee & Wyoming Inc. The railroad's traffic comes largely from agricultural products, including both raw and processed grain products, as well as chemicals and completed tractors. The TPW hauled around 26,000 carloads in 2008.
Toledo, Peoria & Western's earliest ancestor was the Peoria and Oquawka Railroad. The eastern extension began construction, three years after its charter, in 1855. The Toledo, Peoria & Warsaw Railway was chartered in 1863, and opened in 1868 from the state line at Indiana across Illinois to the Mississippi River at Warsaw. This line was reorganized as the Toledo, Peoria & Western Railroad in 1880 and leased to the Wabash, St. Louis and Pacific Railway. The lease lasted four years and the Toledo, Peoria & Western Railway took over in 1887. Read more at https://en.wikipedia.org/wiki/Toledo,_Peoria_and_Western_Railway
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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