Chicago and Alton Railway Co. - 1920 dated $10,000 Bond
Inv# RB7520 Bond
$10,000 3 1/2% Gold Bond printed by International Bank Note Co., N.Y. Attractive bond!
The C&A, often simply called “the Alton,” was a railroad built in 1850s between Chicago and St. Louis that later extended its main line west to Kansas City. In the late 1800s the Alton was known for its high-speed passenger service between Chicago and St. Louis.
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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