Skip to main content

Western Pacific Railroad Co. - dated 1950 $1,000 Railway Income Bond - Fantastic History

Inv# RB5134   Bond
State(s): California
Years: 1950
Color: Blue and Black

$1,000 Railroad Bond. Great diesel locomotive vignette. The Western Pacific Railroad (reporting mark WP) was a Class I railroad in the United States. It was formed in 1903 as an attempt to break the near-monopoly the Southern Pacific Railroad had on rail service into northern California. WP's Feather River Route directly competed with SP's portion of the Overland Route for rail traffic between Salt Lake City/Ogden, Utah, and Oakland, California, for nearly 80 years. In 1982, the Western Pacific was acquired by the Union Pacific Corporation and it was soon merged into their Union Pacific Railroad. The Western Pacific was one of the original operators of the California Zephyr. The original Western Pacific Railroad (1862–1870) was established in 1862 to build the westernmost portion of the First Transcontinental Railroad, between Sacramento and San Jose, California (later Oakland, California). After completing the last link from Sacramento to Oakland, this company was absorbed into the Central Pacific Railroad in 1870.

The second company to use the "western pacific" appellation was the Western Pacific Railway Company, founded 1903. Under the direction of George Jay Gould I, the Western Pacific Railway proposed to build a standard gauge track connection to the Pacific Coast for his aspiring Gould transcontinental system. Construction was financed by the Denver and Rio Grande Western Railroad, a company in the Gould system, which had lost access to California due to the attempted acquisition of the Southern Pacific Railroad by the Rio Grande's main rival, the Union Pacific Railroad. The Western Pacific Railway acquired the Alameda and San Joaquin Railroad and began construction on what became known as the Feather River Route. Completed in 1909, it was the last major rail line connected into California. After Western Pacific Railway Company defaulted on mortgage bonds, its assets were sold in 1916 to The Western Pacific Railroad Company. Read more at

Read More

Read Less

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.