Lehigh Valley Railroad Co. - 1949 dated $1,000 Railway Bond
Inv# RB5688 Bond
Various Denomination Bonds printed by American Bank Note Co. Available in Green, Purple, Brown, Rust, Olive, Orange, Red, or Blue. Please specify color. Coupons attached at right.
The Lehigh Valley Railroad (reporting mark LV) was one of a number of railroads built in the northeastern United States primarily to haul anthracite coal from the Pennsylvania Coal Region. The railroad was authorized on April 21, 1846, for freight and transportation of passengers, goods, wares, merchandise and minerals in the U.S. state of Pennsylvania and the railroad was incorporated/established on September 20, 1847, as the Delaware, Lehigh, Schuylkill and Susquehanna Railroad Company. On January 7, 1853, the railroad's name was changed to Lehigh Valley Railroad. It was sometimes known as the Route of the Black Diamond, named after the anthracite it transported. At the time, anthracite was transported by boat down the Lehigh River; the railroad was meant to be faster transportation. The railroad ended operations in 1976 and merged into Conrail along with several northeastern railroads that same year.
The Lehigh Valley Railroad's original and primary route between Easton, Pennsylvania, and Allentown, Pennsylvania was built in 1855. The line later expanded past Allentown to Buffalo, New York and past Easton to New York City, bringing the Lehigh Valley Railroad to these metro areas. By 31 Dec 1925, the railroad controlled 1363.7 miles of road and 3533.3 miles of track; as of 31 Dec 1970, this had dwindled to 927 miles of road and 1963 miles of track. Read more at https://en.wikipedia.org/wiki/Lehigh_Valley_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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