Rutland Street Railway Co. - 1901 dated $1,000 Specimen Bond

$1,000 5% Specimen Bond printed by Franklin Bank Note Company, N. Y. 2 full pages of coupons remain. Beautiful green border! The town of Rutland was chartered in 1761 and named after John Manners, 3rd Duke of Rutland. It was settled in 1770 and served as one of the capitals of the Republic of Vermont. In the early 19th century, small high-quality marble deposits were discovered in Rutland, and in the 1830s a large deposit of nearly solid marble was found in what is now West Rutland. By the 1840s, small firms had begun excavations, but marble quarries proved profitable only after the railroad arrived in 1851. Rutland eventually became one of the world's leading marble producers. A large number of Italians with experience in the industry immigrated and brought their families to Rutland.

This fueled enough growth and investment that in 1886 the center of town incorporated as Rutland village. Most of the town was split off as West Rutland and Proctor, which contained the bulk of the marble quarries. Rutland City was incorporated as Vermont's third city on November 18, 1892. The new city's first mayor was John A. Mead. The closing of the marble quarries in the area in the 1980s and 1990s led to a loss of jobs in the area. Read more at https://en.wikipedia.org/wiki/Rutland,_Vermont_(city)

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