Winona and Southwestern Railway Co. - dated 1890 $100 Railroad Fractional Certificate
Inv# RB7455 Bond
New York
$100 6% Bond printed by Geo. F. Nesbitt & Co., N.Y. Small size measures 8 1/2" x 5". This railroad operated from 1872 to 1894. Then became part of the Winona and Western Railway and then became part of the Minneapolis and St. Louis Railway. Minneapolis and St. Louis Railway (M&StL) (reporting mark MSTL) was an American Class I railroad that built and operated lines radiating south and west from Minneapolis, Minnesota for 90 years from 1870 to 1960. The railway never reached St. Louis (despite its name) but its North Star Limited passenger train ran to that city via the Wabash Railroad.
The railway's most important route was between Minneapolis and Peoria, Illinois; a second major route extended from Minneapolis into eastern South Dakota, and other trackage served areas in north-central Iowa and south-central Minnesota. The M&StL was founded in 1870, and expanded through line construction and acquisition until the early 20th century. Most of the railway's routes saw only relatively light traffic, and consequently the company's financial position was frequently precarious; the railroad operated under bankruptcy protection between 1923 and 1943. The M&StL was acquired by the Chicago and North Western Railway in 1960, and much of its former trackage was abandoned.
In 1956 it reported 1550 million net ton-miles of revenue freight and 2 million passenger-miles on 1397 route-miles and 1748 track-miles operated; those totals do not include the 117-mile Minnesota Western. Read more at https://en.wikipedia.org/wiki/Minneapolis_and_St._Louis_Railway
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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