Terminal Railroad Association of St. Louis - circa 1910's Unissued $5,000 Brown Railway Gold Bond
Inv# RB5123 Bond
Unissued $5,000 Brown Railroad Gold Bond printed by American Bank Note Company, New York. Various Denominations. Attractive bond with large vignette of Railroad Terminal in St. Louis. Rare!!!
The Terminal Railroad Association of St. Louis (reporting mark TRRA) is a switching and terminal railroad that handles traffic in the St. Louis, Missouri, metropolitan area. It is co-owned by several Class I railroads that reach the city. It was founded in 1889 in a deal orchestrated by Jay Gould with:
- Missouri Pacific Railroad
- St. Louis, Iron Mountain and Southern Railway, later part of the Missouri Pacific
- Wabash Railroad, later part of the Norfolk and Western Railway
- Ohio and Mississippi Railroad, later part of the Baltimore and Ohio Railroad
- Louisville and Nashville Railroad
Read more at https://en.wikipedia.org/wiki/Terminal_Railroad_Association_of_St._Louis
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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