Ulster and Delaware Railroad Co. - 1888 dated $1,000 Railway Bond
Inv# RB7536 Bond
$1,000 5% Gold Bond printed by American Bank Note Company, New York. Great vignette!
The Ulster and Delaware Railroad (U&D), a prominent Class I railroad in New York, was often touted as the sole route to the Catskill Mountains. Established in 1866, the U&D at its zenith stretched an impressive 107 miles from Kingston Point, a bustling port on the Hudson River, through the formidable terrain of the Catskill Mountains to its western terminus at Oneonta. This extensive network connected five counties and played a pivotal role in the region’s development.
The U&D primarily served as a vital transportation artery, carrying thousands of tourists from New York City to luxurious mountain hotels and summer resorts. Additionally, it facilitated the transportation of freight, including milk, coal, stone, and wood products, from local businesses. Despite facing financial challenges during construction and the eventual decline of passenger service in the mid-20th century due to the rise of car ownership and highway development, the U&D left an indelible mark on the area’s history and landscape.
Although commercial freight service on the U&D line ceased in 1976, efforts were made to preserve and repurpose certain sections of the corridor for public use. Today, the legacy of the U&D lives on through two distinct heritage railroads and a scenic trail. The Delaware & Ulster Railroad (DURR) operates scenic excursions on a portion of the former U&D track between Arkville and Roxbury in Delaware County. Notably, DURR recently resumed operations after undergoing extensive track repairs. Another segment of the line is utilized by the Catskill Mountain Railroad, which offers scenic train rides near the picturesque Ashokan Reservoir. Furthermore, a 19-mile stretch of the former railbed has been transformed into the Catskill Scenic Trail, a popular recreational pathway for both walking and biking enthusiasts. These preservation efforts enable visitors and locals to immerse themselves in the historic “golden age of railroading” while traversing the enchanting Catskill Mountains.
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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