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Twenty-Third Street Railway Co. - 1912 dated $1,000 Railroad Gold Bond

Inv# RB7322   Bond
Twenty-Third Street Railway Co. - 1912 dated $1,000 Railroad Gold Bond
State(s): New York
Years: 1912
Color: Orange and Black

$1,000 5% Gold Bond printed by American Bank Note Company, New York. 57 of 100 coupons remain. Twenty-Third Street Railway was a street railway in Manhattan, New York City, New York. It was originally operated as horse cars and later electric traction. The 23rd Street Crosstown is a surface transit line on 23rd Street in Manhattan, New York City. It currently hosts the M23 SBS bus route of the Metropolitan Transportation Authority (MTA)'s Regional Bus Operations. The M23 runs between Chelsea Piers, along the West Side Highway near 22nd Street, via 23rd Street, to Avenue C and 20th Street in Stuyvesant Town–Peter Cooper Village.

The route was originally the Twenty-third Street Railway, a street railway that was originally operated as horse cars and later electric traction. The company was chartered on January 29, 1872. The Twenty-third Street Railway was leased by numerous larger companies in the late 19th and early 20th century. The trolley line was replaced with bus service in 1936 and was originally numbered the M18-15 and the M26 before gaining the current M23 designation in 1989. On November 6, 2016, it became a Select Bus Service (SBS) route. Read more at https://en.wikipedia.org/wiki/M23_(New_York_City_bus)

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Condition: Excellent

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.

Item ordered may not be exact piece shown. All original and authentic.
OUT OF STOCK