West Virginia Midland Railroad - 1906 dated West Virginia Railway Bond (Uncanceled)
Inv# RB5349 Bond
$1000 5% Gold Uncanceled Bond. Printer-E.A. Wright Bank Note Co-Philadelphia, PA. Nice Graphics! The West Virginia Midland Railroad received its charter in 1905, with an initial capital investment of $500,000. The executives envisioned constructing a railway that would extend from Sutton, connecting with the B&O Railroad, and travel southwest through Webster Springs to Marlington, covering a distance of approximately fifty miles (80 km). The incorporators included Col. John T. McGraw from Grafton, former Congressman C. P. Dorr, J.E. Woddell of Webster Springs, G. A. Hechner from Palmer, and C. D. Elliott of Parkersburg.
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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