New Albany and Salem Railroad Co. - 1858-1860 dated Railway Bond - Various Denominations Available
Inv# RB7281
Bond
Various denominations 10% Bond. The Monon Railroad (reporting mark MON), also known as the Chicago, Indianapolis, and Louisville Railway (reporting mark CIL) from 1897 to 1971, was an American railroad that operated almost entirely within the state of Indiana. The Monon was merged into the Louisville and Nashville Railroad in 1971, and much of the former Monon right of way is owned today by CSX Transportation. In 1970, it operated 540 miles (870 km) of road on 792 miles (1,275 km) of track; that year it reported 1320 million ton-miles of revenue freight and zero passenger-miles. (It also showed zero miles of double track, the longest such Class I railroad in the country.)
- 1847: The New Albany and Salem Railroad (NA&S) is organized with James Brooks as president.
- 1854: The NA&S trackage stretches from the Ohio River (at New Albany) to Lake Michigan (at Michigan City).
- 1859: The overextended and struggling NA&S is renamed the Louisville, New Albany and Chicago Railroad (LNA&C).
- April 30, 1865: The LNA&C becomes one of twenty railroads to haul Abraham Lincoln's funeral train, its portion being from Lafayette to Michigan City, Indiana.
- 1873: The LNA&C Railroad is reorganized as the Louisville, New Albany and Chicago Railway.
Read more at https://en.wikipedia.org/wiki/Monon_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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