Washington Central Railway Co. - Circa 1910 $1,000 Northern Pacific Archive Bond - Green Type
Inv# NP1006A Bond
Unissued $1,000 Bond printed by Franklin-Lee Bank Note Co, N.Y. This company was organized in 1898 to take control of the assets of the bankrupt Central Washington Railroad, the company operated from Cheney to Coulee City, Washington and operated under the control of the Northern Pacific Railway Company. Read more at https://en.wikipedia.org/wiki/Central_Washington_Railroad
The Northern Pacific Railway (reporting mark NP) was a transcontinental railroad that operated across the northern tier of the western United States, from Minnesota to the Pacific Northwest. It was approved by Congress in 1864 and given nearly 40 million acres (62,000 sq mi; 160,000 km2) of land grants, which it used to raise money in Europe for construction. Construction began in 1870 and the main line opened all the way from the Great Lakes to the Pacific when former President Ulysses S. Grant drove in the final "golden spike" in western Montana on September 8, 1883. The railroad had about 6,800 miles (10,900 km) of track and served a large area, including extensive trackage in the states of Idaho, Minnesota, Montana, North Dakota, Oregon, Washington, and Wisconsin. In addition, the NP had an international branch to Winnipeg, Manitoba, Canada. The main activities were shipping wheat and other farm products, cattle, timber, and minerals; bringing in consumer goods, transporting passengers; and selling land. Read more at https://en.wikipedia.org/wiki/Northern_Pacific_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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