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West Chester, Kennett and Wilmington Electric Railway Co. - 1905 dated $500 Railroad Bond

Inv# RB7132   Bond
West Chester, Kennett and Wilmington Electric Railway Co. - 1905 dated $500 Railroad Bond
State(s): Pennsylvania
Years: 1905

$500 5% Gold Bond printed by Security Bank Note Conpany, Phila. Coupons attached. In May 1899, the West Chester, Kennett, and Wilmington Electric Railway Company (WCK&W) was chartered with ambitions not quite as grand as its name, and a future that would be even less so. It never ended up getting anywhere near West Chester, and only made it to Wilmington for a very short time and with the help of the Peoples Railway. The original plan was to connect to the Peoples Trolley at Brandywine Springs, build a line northward through Kennett Square to Unionville, and connect with a proposed extension of the West Chester Street Railway. Only part of that plan actually happened.

The WCK&W first had to wait for the Peoples Railway to be built, and as we saw in the last post that did take a few years. Once they knew it was "on", the first proposal was to build a line from Kennett Square through Avondale and West Grove, terminating in Oxford. Long story short, by 1906 the line had extended to West Grove, but never made it any further west, and never got anywhere near Oxford. The line that interests us was completed in 1903, with service first being available from Kennett Square to Yorklyn in May 1903. By August, trolleys were running from Brandywine Springs all the way to Toughkenamon. In contrast to the Peoples Trolley's 5 cent fare, the ride from Kennett to the park would cost you 20 cents. Read more at http://mchhistory.blogspot.com/2019/08/the-trolleys-of-brandywine-springs_15.html

Condition: Excellent

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.

Item ordered may not be exact piece shown. All original and authentic.
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