Wilkes-Barre and Eastern Railroad Co. - 1892 dated $1,000 Railway Gold Bond
Inv# RB7391 Bond
$1,000 5% Gold Bond printed by Homer Lee Bank Note Co., New York. Some coupons remain. The Wilkes-Barre and Eastern Railroad (WB&E) was a railroad that operated in the Commonwealth of Pennsylvania in the United States from 1892 to 1939. The WB&E was a wholly owned subsidiary of the New York, Susquehanna and Western Railroad (NYS&W). It was chartered in 1892 to provide the NYS&W with a route to bring coal from the mines in northeastern Pennsylvania for delivery to the port of Edgewater, New Jersey.
Previously, the NYS&W was contracting the coal haulage in Pennsylvania to the Delaware, Lackawanna and Western Railroad (DL&W). The DL&W originally hauled coal to their interchange with the NYS&W at Gravel Place, Pennsylvania. From there, the NYS&W would haul the coal to an interchange with the Pennsylvania Railroad in New Jersey. Read more at https://en.wikipedia.org/wiki/Wilkes-Barre_and_Eastern_Railroad
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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