Northern Massachusetts Street Railway Co. - 1913 dated Railroad Bond
Inv# RB7010 Bond
$1,000 Bond printed by Franklin Lee Bank Note Co., NY. Scarce! This Northern Rail maybe related to the Eastern Massachusetts Street Railway (Eastern Mass) which was a streetcar and later bus company in eastern Massachusetts, serving northern and southern suburbs of Boston, Massachusetts. Its precursor company was the Bay State Street Railway, which it absorbed in 1919. It was acquired by Massachusetts Bay Transportation Authority, which still runs some of its routes, in 1968.
The Lynn and Boston Street Railway originally ran into downtown Boston via the Chelsea Bridge and Warren Bridge, running over tracks of the Boston Elevated Railway (BERy) and its precursors in Charlestown and Boston. When the northern section of the Tremont Street Subway opened in 1898, Lynn and Boston cars were routed into the subway via the Canal Street Incline, looping at Scollay Square station. This continued for 37 years under the Boston and Northern Street Railway, the Bay State Street Railway, and finally the Eastern Mass. Read more at https://en.wikipedia.org/wiki/Eastern_Massachusetts_Street_Railway
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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