Wabash Pittsburgh Terminal Railway Co. - 1908 dated $1,000 Gold Certificate of Deposit
Inv# RB7454 Bond
$1,000 4% Bond printed by American Bank Note Company, New York. Certificate of Deposit. The Pittsburgh and West Virginia Railway (reporting mark PWV) was a railroad in the Pittsburgh, Pennsylvania, and Wheeling, West Virginia, areas. Originally built as the Wabash Pittsburgh Terminal Railway, a Pittsburgh extension of George J. Gould's Wabash Railroad, the venture entered receivership in 1908 and the line was cut loose. An extension completed in 1931 connected it to the Western Maryland Railway at Connellsville, Pennsylvania, forming part of the Alphabet Route, a coalition of independent lines between the Northeastern United States and the Midwest. It was leased by the Norfolk and Western Railway in 1964 in conjunction with the N&W acquiring several other sections of the former Alphabet Route, but was leased to the new spinoff Wheeling and Lake Erie Railway in 1990, just months before the N&W was merged into the Norfolk Southern Railway.
The original Wabash Pittsburgh Terminal Railway built several massive engineering works, including the Wabash Terminal in downtown Pittsburgh, damaged by two fires in 1946 and demolished in 1953. The Wabash Bridge over the Monongahela River into Pittsburgh was torn down in 1948, and on December 27, 2004, the Wabash Tunnel just southwest of the bridge opened as a high occupancy vehicle roadway through Mount Washington. As of January 2020 the two piers of the long-gone Wabash Bridge remain standing. The line also had a branch to West End, Pennsylvania, that was abandoned in 2011, and a branch to West Mifflin, Pennsylvania, known as the Mifflin Branch. And it also has a small industrial branch located near Belle Vernon, Pennsylvania. At the end of 1960 P&WV operated 132 mi (212 km) of road on 223 mi (359 km) of track; that year it reported 439 million net ton-miles of revenue freight. Read more at https://en.wikipedia.org/wiki/Pittsburgh_and_West_Virginia_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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