Whitehall and Plattsburgh Railroad - Town of Peru - 1867 dated Railway Bond
Inv# RB5674 Bond
$100, $500, or $1,000 7% Bond. Printer-Major & Knapp Eng. Extensive hole and cut cancellations but still Nice! Rare!
The Whitehall and Plattsburgh Railroad was a railway company that constructed, but did not operate, two separate railway lines in Upstate New York during the 19th century. Its objective, to establish a 90-mile (140 km) railway line connecting Whitehall, New York, and Plattsburgh, New York, was achieved by its successor, the New York and Canada Railroad, although via a different route that ran between Port Henry, New York, and Plattsburgh. The northern line, which connected Plattsburgh and Ausable, New York, eventually became the Ausable Branch of the Delaware and Hudson Railway and was discontinued in 1981. Conversely, the southern line, linking Port Henry and Ticonderoga, New York, was integrated into the main line of the New York and Canada Railroad and is currently part of the Canadian Pacific Kansas City's Canadian Subdivision.
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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