Washington Terminal Co. - $5,000 Railroad Gold Bond - Great Railway History!Inv# RB5132 Bond
Railroad Bond printed by American Bank Note Company, Philadelphia. Various Denominations. Great eagle vignette. A railroad terminal affiliated with the B&O Railroad. Rare!!!
The Washington Terminal Company (reporting mark WATC) is a corporation created in Washington, D.C., United States, to provide support to railroads using Washington's Union Station. It is now a nearly wholly owned subsidiary of Amtrak. It was established in 1901 by the Baltimore and Ohio Railroad and the Pennsylvania Railroad-controlled Philadelphia, Baltimore and Washington Railroad. The Washington Terminal Company owned and operated Union Station (opened in 1907) and about 5 miles (8.0ákm) of track in the Washington area, providing switching services for passenger trains using the station or passing through the area:
- Baltimore and Ohio Railroad (B&O)
- Pennsylvania Railroad (PRR)
- Chesapeake and Ohio Railway (C&O)
- Richmond, Fredericksburg and Potomac Railroad (RF&P)
- Southern Railway (SOU)
- Atlantic Coast Line Railroad (ACL)
- Seaboard Air Line Railroad (SAL)
Read more at https://en.wikipedia.org/wiki/Washington_Terminal_Company
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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