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West Shore Railroad Co. - 1886 dated $1,000 Railway Bond

Inv# RB5133A   Bond
State(s): New York
Years: 1886

$1,000 4% Railroad Bond printed by American Bank Note Company, New York. Fabulous river scene with train passing by at the bottom center of bond! Nice graphics! A Classic!!! Early date!

The West Shore Railroad was the final name of a railroad that ran from Weehawken, New Jersey, which is across the Hudson River from New York City, north along the west shore of the river to Albany, New York, and then west to Buffalo. It was organized as a competitor to the New York Central and Hudson River Railroad, but was soon taken over by that company.

The first part of the line was built as the Saratoga and Hudson River Railroad, incorporated April 16, 1864, and opened in Spring 1866. After only about a year of independent operation, the line served as a branch of the New York Central Railroad (NYC), splitting at Athens Junction near Schenectady and running southeast and south along the west side of the Hudson River to Athens, New York. Early plans included acquiring the Saratoga and Schenectady Railroad as a northern extension. The Saratoga and Hudson River was bought and merged into the New York Central as their Athens Branch on September 9, 1867.

The terminal at Athens was destroyed by fire in 1876. The line ran intermittently from then into the 1880s, with its tracks being torn up for good in 1888. It had been called the "White Elephant" Railroad for most of its existence because it quickly outlived whatever usefulness it may have had. Today a row of brick houses known as the Brick Row Historic District which was built in 1850 for the workers of the failed railroad stand in Athens as the only remaining structure related to the "White Elephant" Railroad project. Read more at https://en.wikipedia.org/wiki/West_Shore_Railroad

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Condition: Extremely Fine

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.
Price: $65.00