North and South Carolina Railway - Bond
Inv# RB5679 Bond
South Carolina
$1,000 6% Gold Bond. Franklin Lee Division-American Bank Note Co., NY. 2 pages of coupons attached. Several rows of hole cancellations.
The North and South Carolina Railway was a Southeastern railroad that operated in the Carolinas in the early part of the 20th century.
The North and South Carolina Railway Company (of South Carolina) was chartered by the South Carolina General Assembly in 1908.
In 1911, the North and South Carolina Railway Company (of South Carolina) and the North and South Carolina Railway Company (of North Carolina) were consolidated.
The North and South Carolina Railway ran from Gibson, North Carolina, to a connection with the Georgetown and Western Railway at the Pee Dee River, with less than a mile of the carrier's route lying within North Carolina.
The North and South Carolina Railroad also operated a 10-mile stretch of track between Gibson and Hamlet, North Carolina, owned by the Seaboard Air Line Railroad.
In 1914, the South Carolina Western Railway, the South Carolina Western Extension Railway and the Charleston Northern Railway were merged into the North and South Carolina Railway to form the Carolina, Atlantic and Western Railway.
That same year, the North and South Carolina Railroad merged with the Georgetown and Western Railway.
The portion between Poston, South Carolina and Hamlet, North Carolina is now part of the CSX Andrews Subdivision.
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