South Carolina Railway Co. - 1881 dated $1,000 Railroad Bond - Beautiful Back
Inv# RB5117 Bond
$1,000 Railroad Bond printed by American Bank Note Co, NY. Two very rare vignettes of blacks picking cotton. Superb!!! Rare!!!
South Carolina Rail Road Company was a railroad company, that operated in South Carolina from 1843 to 1894, when it was succeeded by the Southern Railway. It was formed in 1844 by the merger of the South Carolina Canal and Rail Road Company (SCC&RR) into The Louisville, Cincinnati and Charleston Railroad Company. It was built with a track gauge of 5 ft (1,524 mm). Southern Railway (now Norfolk Southern Railway) gained control of the line in 1899 and consolidated it into the Southern Railway – Carolina Division on July 1, 1902 under special act of South Carolina, approved February 19, 1902. The South Carolina Canal and Rail Road Company was chartered under act of the South Carolina General Assembly of December 19, 1827. The company operated its first 6 miles (9.7 km) line west from Charleston, South Carolina in 1830.
The Louisville, Cincinnati and Charleston Railroad, which had built no track of its own, gained stock control of The South Carolina Canal and Rail Road Company in 1839. The merged companies changed its name to South Carolina Rail Road Company under an act of the South Carolina General Assembly of December 19, 1843. The South Carolina Canal and Rail Road Company had built its first 6-mile (9.7 km) line west from Charleston, South Carolina in 1830. The railroad ran scheduled steam service over its 136-mile (219 km) line from Charleston, South Carolina, to Hamburg, South Carolina, beginning in 1833. Read more at https://en.wikipedia.org/wiki/South_Carolina_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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