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Milford and Matamoras Railroad - 1871 dated Railway Bond with 188 Coupons Attached - Full Coupons

Inv# IM1006   Bond
State(s): Pennsylvania
Years: 1871
Color: Green, Brown and Red

$1,000 7% Bond. Printer-Henry Seibert & Bros, NY. A complete set of 188 coupons, more than we’ve ever seen on such an early bond! Absolutely gorgeous graphics and color. Strong Orange $1 Washington revenue and same color for 5¢ Lincoln revenue. One of the nicest large size bonds ever!!! Very Rare!!! (has sold at auction for as much as $1,600!) Great for framing!

The Milford, Matamoras and New York Railroad was an ambitious railway project that, in 1898, constructed an earlier version of what is now the Mid-Delaware Bridge, linking Matamoras, Pennsylvania, and Port Jervis, New York. The railroad laid tracks across this bridge to access a rock quarry for roadbed materials, with an initial plan to extend the line to Milford, Pennsylvania, which ultimately never materialized.

This bridge replaced an earlier crossing built by the Erie Railroad for the Milford and Matamoras Railroad in 1852, under a complex legal agreement requiring the Erie Railroad to build a bridge over the Delaware River at Matamoras that could accommodate both road and rail traffic. The Erie Railroad contested the law's constitutionality, delaying construction until 1852, and the bridge was completed in 1854. However, it was never put to use and eventually collapsed in 1870.

The current Mid-Delaware Bridge, also known as the Port Jervis–Matamoras Bridge or the Fourth Barrett Bridge, is a continuous truss bridge that carries U.S. Routes 6 and 209 across the Delaware River, connecting New York and Pennsylvania. Initially constructed with four lanes, it now operates with just two. Built by the R.C. Ritz Construction Company in 1939 at a cost of $380,000, it is the most recent of many crossings between these two communities, reflecting their evolving transportation needs since the mid-19th century.

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.
Price: $1,155.00