Toledo and Wabash Railway Co. - 1862 dated $1,000 Railroad Bond
Inv# RB7321 Bond
Ohio
$1,000 7% Bond printed by Henry Seibert & Bros., N.Y. 17 of 40 coupons remain. Civil War Dated! 25 cent revenue stamp! Superb! The Toledo and Wabash Railroad was chartered October 7, 1858, and acquired the Ohio portion October 8. The Wabash and Western Railroad was chartered on September 27 and acquired the Indiana portion on October 5. On December 15, the two companies merged as the Toledo and Wabash Railway. That company merged with the Great Western Railway of Illinois, the Illinois and Southern Iowa Railroad, the Quincy and Toledo Railroad and the Warsaw and Peoria Railroad to form the final Toledo, Wabash and Western Railway. Read more at https://en.wikipedia.org/wiki/Wabash_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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