Boston and Maine Railroad - 1900 dated Unissued Railway Gold Bond - Beautiful Train Vignette
Inv# RB5018 Bond
Massachusetts
Unissued Railroad Bond printed by American Bank Note Company, New York & Boston. Steam locomotive with 4 other engines in background, all in a roundhouse. Superb!!!
The Boston & Maine Corporation, identified by the reporting mark BM, was a Class I railroad operating in northern New England, commonly referred to as the Boston & Maine Railroad (B&M). In 1983, it became integrated into the Pan Am Railways network. By the end of 1970, B&M managed 1,515 route-miles (2,438 km) across a total of 2,481 miles (3,993 km) of track, excluding the Springfield Terminal. During that year, the railroad reported a revenue freight volume of 2,744 million ton-miles and 92 million passenger-miles.
The Andover & Wilmington Railroad was established on March 15, 1833, with the objective of constructing a branch line from the Boston & Lowell Railroad at Wilmington, Massachusetts, extending northward to Andover, Massachusetts. This line was inaugurated on August 8, 1836. On April 18, 1837, the name was altered to the Andover & Haverhill Railroad to signify plans for further expansion to Haverhill, Massachusetts, which was completed later that same year. Subsequently, the railroad was renamed the Boston & Portland Railroad on April 3, 1839, with the line reaching the New Hampshire state border in 1840.
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.
Ebay ID: labarre_galleries