Cincinnati, Lafayette and Chicago Railroad Co. - $1,000 1873 dated Bond
Inv# RB7003 Bond
Indiana
$1,000 7% Bond printed by Henry Seibert & Bros., NY. with several rows of coupons. Large size measures 17" x 20 1/4" with coupons. Attractive!
The Cincinnati, Indianapolis, St. Louis and Chicago Railway (CISL&C) was a railroad in the United States.
The CISL&C resulted from the 1880 corporate restructuring of the bankrupt Indianapolis, Cincinnati and Lafayette Railroad (IC&L). The CISL&C operated a railroad line from Cincinnati via Indianapolis to Lafayette, being the result of an 1867 merger of the Indianapolis and Cincinnati Railroad (I&C), the Lafayette and Indianapolis Railroad (L&I), and the Cincinnati and Indiana Railroad (C&I). The three predecessor companies had been founded in 1850, 1846, and 1861, respectively.
The CISL&C controlled and operated numerous subsidiary railway companies operating smaller branch lines. These included:
- Cincinnati, Lafayette and Chicago Railroad, which ran from Templeton, Indiana, to Kenkakee, Illinois. Most notably, through service (1872) with the Illinois Central Railroad via Kankakee, Illinois, eventually became the only Amtrak service that utilized Central Station in Chicago. (Amtrak moved to Union Station in 1972)
- Columbus, Hope and Greensburg Railroad from Columbus, Indiana, to Greensburg, Indiana
- Harrison Branch Railroad
In 1889, the railway merged with the Cleveland, Columbus, Cincinnati and Indianapolis Railway and the Indianapolis and St Louis Railway to form the Cleveland, Cincinnati, Chicago and St. Louis Railway, also known collectively as the Big Four.
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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