Middletown and Elizabethtown Street Railway Co. - $100 Railroad Gold Bond
Inv# RB7381 Bond
$100 5% Gold Bond printed by H.E. Nelson & Co., Newark, N.J. Most coupons remain.
There are two stories about the origin of the town's name. In one version it is named after Elizabeth Reeby, wife of Michael Reeby who sold the first building lots here in about 1795. The officially accepted history is that, in 1753, Captain Barnabas Hughes acquired land and laid out a town, naming it for his wife, Elizabeth. The early settlers were primarily Scots-Irish and Pennsylvania Dutch.
Elizabethtown became a borough in 1827, and a railroad was built through the area in the 1830s. The town was primarily agricultural until the early 1900s, when the Klein Chocolate Company (now part of Mars, Inc.) and several shoe factories (the last of which closed in 1979) opened. Elizabethtown College was established in 1899, and the Masonic Homes (now the Masonic Village) followed in 1910.
After World War II, Elizabethtown grew rapidly, more than doubling its population between 1950 and 2000. Homes and businesses expanded into nearby farmland, making sprawl, farmland preservation, and revitalizing the downtown area important issues.
The Kreider Shoe Manufacturing Company was listed on the National Register of Historic Places in 1980. Read more at https://en.wikipedia.org/wiki/List_of_Pennsylvania_railroads
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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