Greenville and Columbia Railroad Co. $500 Bond
Inv# RB7193 Bond
Unissued $500 Bond printed by Continental Bank Note Co. New York. 40 coupons at right of bond. The Greenville and Columbia Railroad was a 5 ft (1,524 mm) gauge railway that operated in South Carolina during the 19th century. Its origins can be traced back to 1845, when prominent figures from the Greenville area, including Benjamin Perry, Waddy Thompson Jr., John T. Coleman, and Joel Poinsett, convened a public meeting chaired by Vardry McBee. The purpose of this gathering was to generate interest and secure financial commitments for a railway connecting the northern and southern regions of the state. A committee of 30 prospective subscribers was formed, and they resolved to pursue a preliminary charter for the Greenville and Columbia Railroad, contingent upon raising a minimum of $300,000 in subscriptions within one year.
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