New York Bay Railroad Co. - 1973 Unissued Railway Bond - Operated from 1890 to 1956
Inv# RB7492 Bond
Unissued 3 3/4% First Mortgage Bond printed by Franklin Lee Division-American Bank Note Co. Big eagle vignette! This railroad operated from 1890 to 1956. Then merged with the United New Jersey Railroad and Canal Company (UNJ&CC) which was a United States-based railroad company established in 1872. It was formed by the consolidation of three existing companies: the Camden and Amboy Railroad, Delaware and Raritan Canal Company, and New Jersey Rail Road and Transportation Company. The Camden and Amboy and New Jersey Rail Road were among the earliest North American railroads. The Pennsylvania Railroad leased the United New Jersey Railroad and Canal Company in 1872. The C&A first purchased and operated the John Bull locomotive, the oldest surviving operable steam locomotive in the world today. It was imported from Great Britain in 1831, and its operations also led to the important development of the iron T-rail type rail tracks that became standard around the world. The canal company, first a competitor and then ally of the C&A , built the Delaware and Raritan Canal. The New Jersey Rail Road and Transportation Company built the first railway line across the New Jersey Palisades. Read more at https://en.wikipedia.org/wiki/United_New_Jersey_Railroad_and_Canal_Company
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