1890 dated $5,000 Bond issued to William Waldorf Astor - Chicago, Rock Island and Pacific Railway - Gorgeous Design - Not Signed
Inv# AG1128 Bond
William Waldorf Astor, 1st Viscount Astor (31 March 1848 – 18 October 1919), was an American-English lawyer, politician, hotelier, publisher, and philanthropist. He was a member of the affluent Astor family from New York City. In 1891, he relocated to England, became a British citizen in 1899, and was elevated to the peerage as Baron Astor in 1916 and subsequently as Viscount Astor in 1917, in recognition of his efforts in support of war charities. The community of Waldorf, Maryland, is named in his honor.
The Chicago, Rock Island and Pacific Railroad (CRI&P RW, also referred to as the Chicago, Rock Island and Pacific Railway) (reporting marks CRIP, RI, ROCK) was a Class I railroad in the United States. It was commonly known as the Rock Island Line, and in its later years, simply as The Rock. Its origins trace back to the Rock Island and La Salle Railroad Company, which was established in Illinois on February 27, 1847. An amended charter was granted on February 7, 1851, leading to the formation of the Chicago and Rock Island Railroad. Construction commenced in Chicago on October 1, 1851, with the inaugural train service beginning on October 10, 1852, between Chicago and Joliet. The line was extended to La Salle, reaching Rock Island on February 22, 1854, thus becoming the first railroad to link Chicago with the Mississippi River.
By the end of 1970, the railroad operated 7,183 miles of route across 10,669 miles of track, reporting 20,557 million ton-miles of revenue freight and 118 million passenger-miles for that year. (These figures may or may not include the former Burlington-Rock Island 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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