United Railways Co. of St. Louis - 1899 dated $1,000 Railroad Gold Bond
Inv# RB7473 Bond
$1,000 4% Bond printed by American Bank Note Company, New York. Great street car scene vignette on this attractive bond! 1 coupon attached on front of bond. The United Railways Company was formed in 1898 by consolidating all of the city´s streetcar franchises into one company, which later became the St. Louis Transit Company. In 1898 the City enacted the Central Traction bill, which granted public franchises for streetcar operations.
Streetcars in St. Louis, Missouri, operated as part of the transportation network of St. Louis from the middle of the 19th century through the early 1960s. During the first forty years of the streetcar in the city, a variety of private companies operated several dozen lines. In 1898, the City of St. Louis passed a Central Traction Bill that required franchises for streetcar companies. United Railways quickly consolidated most St. Louis streetcar companies, then St. Louis Suburban in 1906. United Railways sank into receivership which was resolved only in 1924. It was reorganized as St. Louis Public Service Company in 1927, serving the city of St. Louis and neighboring St. Louis County, Missouri. It became Bi-State in 1963. Other private companies, such as those serving the Metro East region or St. Charles, Missouri, continued separate operations. Read more at https://en.wikipedia.org/wiki/Streetcars_in_St._Louis
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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