Poughkeepsie, Hartford and Boston Railroad Co. - 1875 dated Railway Bond (Uncanceled) - Various Denominations Available

$1,000, $500 or $100 Denominated 7% Uncanceled Bond printed by Eagle Printing House, Poughkeepsie. All 52 coupons present. Impressive Large Bond!!! Please specify denomination.

The Poughkeepsie & Eastern Railway was the first railroad to extend east from Poughkeepsie, New York. Throughout its history, it went through several reorganizations and ownership changes before being acquired by the New York, New Haven & Hartford Railroad and assigned to the Central New England Railway in 1907.

The railway first encountered financial difficulties on June 24, 1874, when it went into receivership. It was sold in April 1875 and reorganized on May 15 as the Poughkeepsie, Hartford & Boston Railroad. However, it faced financial troubles again and went bankrupt. On January 26, 1884, the Hartford & Connecticut Western Railroad acquired the southeastern section of the line, to which it already had track rights, while the remainder was sold in late 1886. The line was reorganized on January 22, 1887, as the New York & Massachusetts Railway. Despite the reorganization, the railway struggled to achieve profitability and went into receivership for a third time in February 1893. It was sold under foreclosure on March 2, and once again reorganized on April 13 as the Poughkeepsie & Eastern Railway Company. However, financial instability continued, and the company went into receivership once more on June 17, 1898.

On July 12, 1904, the railway experienced a wreck at Salt Point when a passenger train was mistakenly switched to a siding where a freight train was parked. The conductor of the passenger train was injured in the accident. Finally, in 1907, the New York, New Haven & Hartford Railroad acquired the Poughkeepsie & Eastern Railway and on June 25, 1907, merged it into the Central New England Railway, effectively ending its independent operations.