Rome, Watertown and Ogdensburgh Railroad Co. - 1874 dated $1,000 Railway Bond
Inv# RB5670 Bond
$1,000 7% Bond. Great train and waterfall scene at top! The Rome, Watertown and Ogdensburg Railroad was a railroad that grew, in stages, from Rome, New York to Watertown and then to Ogdensburg, New York and Massena, New York. The original Rome and Watertown Railroad terminated in Cape Vincent, NY on the St. Lawrence River. A branch of the Rome, Watertown and Ogdensburg Railroad, commonly known as "The Hojack Line", operated along the south shore of Lake Ontario, from Oswego, New York to Niagara Falls, New York. After it was merged into the New York Central in 1913, the RW&O line was known as the St. Lawrence Division. Read more at https://en.wikipedia.org/wiki/Rome,_Watertown_and_Ogdensburg_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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