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Little Miami Railroad Co. - 1867 dated Various Denominations Bond

Inv# RB5079   Bond
State(s): Ohio
Years: 1867

Early Railroad Dividend Certificate. Various Denominations. Train vignette. 25 cents revenue stamp! Quite rare!!!

The Little Miami Railroad was a railway located in southwestern Ohio, extending from the eastern part of Cincinnati to Springfield, Ohio. In 1853, it merged with the Columbus and Xenia Railroad, establishing the first continuous rail connection between the significant manufacturing hub of Cincinnati and the state capital, Columbus. During this era, railroads played a crucial role in linking the vital waterways of the Great Lakes with the Ohio River, which served as major transportation routes for goods to various markets.

However, the significance of the LMRR diminished later in the 19th century as three major railroads from the East constructed lines across the Allegheny Mountains, thereby creating east-west transportation networks throughout the state. The railroad operated independently until 1981, when it was incorporated into Conrail amid a period of extensive restructuring in the railroad industry during the late 20th century. The Little Miami Railroad was officially incorporated on March 11, 1836, with Jeremiah Morrow, the governor of Ohio, serving as its first unpaid president. It was the second railroad to be incorporated in Ohio. The initial stock sale meeting took place at Linton's Hotel in Waynesville on May 13, 1836, followed by a second meeting on June 2, 1836, in Xenia. The original plan for the railroad was to connect Cincinnati to Springfield, where it was anticipated to link with the Mad River and Lake Erie Railroad, which was extending southward to Springfield from Sandusky on Lake Erie.

Condition: Excellent

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.

Item ordered may not be exact piece shown. All original and authentic.
Price: $80.00