Warren Railroad Co. - dated 1900 $1,000 New Jersey Railway Bond
Inv# RB5131 Bond
$1,000 3 1/2% Railroad Bond printed by American Bank Note Company, New York. Superb train in roundhouse vignette. Was payable in US Gold Coin. Coupons attached. Rare!!! The Warren Railroad was a railroad in Warren County, New Jersey, that served as part of the Delaware, Lackawanna and Western Railroad's mainline from 1856 to 1911.
The Warren Railroad was chartered on February 12, 1851, by special act of the state of New Jersey, to provide a connection from the Delaware, Lackawanna & Western Railroad's (DL&W) terminus at the Delaware River to Hampton, New Jersey, on the Central Railroad of New Jersey (CNJ), in anticipation of a merger between the two railroads. The railroad's date of organization was March 4, 1853, and construction began that June. Terrain made the Warren expensive to build, requiring a large amount of excavation, three large bridges, and two tunnels. DL&W began operating on the railway on May 28, 1856, from Delaware, New Jersey, to Hampton, and continuing over CNJ to Jersey City. DL&W formally leased the Warren Railroad in October 1857.Read more at https://en.wikipedia.org/wiki/Warren_Railroad
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.
Ebay ID: labarre_galleries