$1,000 Kansas City, Mexico and Orient Railroad Co. -1914 dated Uncanceled Railway Bond
Inv# FB6104 Bond
United States
Uncanceled $1,000 Two Year 6% Gold Bond of the United States of America. State of Kansas and Mexico.
Chartered on April 30, 1900, the company managed 962 miles of railway in the southwestern United States and the Republic of Mexico. It underwent reorganization in 1912. The repayment of these notes was to be guaranteed under the provisions of a Collateral Trust Indenture established between the Company and The Trustees Executors & Securities Insurance Corporation, along with the Columbia Knickerbocker Trust Company acting as trustees. In 1928, the company was acquired by the Atchison, Topeka and Santa Fe Railway, primarily to gain access to the oilfields in west Texas. The Atchison, Topeka and Santa Fe Railway (AAR reporting marks ATSF), commonly referred to as Santa Fe, was one of the larger railroads in the United States. The company was initially chartered in February 1859. Although the railway was partially named after the capital of New Mexico, its main line never reached that destination due to the challenging terrain that hindered the laying of the necessary tracks (Santa Fe was ultimately connected by a branch line from Lamy, New Mexico).
The Santa Fe's initial tracks reached the Kansas/Colorado state line in 1873 and linked to Pueblo, Colorado in 1876. To enhance the railroad's profitability, the Santa Fe established real estate offices and sold farmland from the land grants awarded to the railroad by Congress; these new farms generated a demand for transportation (both freight and passenger services) that was conveniently provided by the Santa Fe. Always an innovator, Santa Fe was among the pioneers in intermodal freight service, an initiative that (at various times) included a tugboat fleet and an airline, the short-lived Santa Fe Skyway. A bus line enabled the company to extend passenger transportation services to regions not reachable by rail, and ferry boats on San Francisco Bay facilitated travelers in completing their westward journeys all the way to the Pacific Ocean. The Atchison, Topeka and Santa Fe Railway officially ceased operations on December 31, 1996, when it merged with the Burlington Northern Railroad to create the Burlington Northern and Santa Fe Railway.
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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