Wisconsin Interurban System - $1,000 5.5% Gold Bond (Uncanceled)
Inv# RB5700 Bond
$1,000 5 1/2% Gold Uncanceled Bond. Western Bank Note & Engr Co., Chicago. All 40 coupons remain. Also available in $500 5 1/2% Brown and $100 5 1/2% Green.
The Chicago North Shore and Milwaukee Railroad (reporting mark CNSM), also known as the North Shore Line, was an interurban that operated between the Chicago Loop and downtown Milwaukee in the U.S. states of Illinois and Wisconsin. At its greatest extent, the North Shore Line consisted of two mainlines and a branch line which utilized a combination of private rights-of-way, street running and trackage rights over the Chicago "L" system. The North Shore Line provided both passenger and freight service, as well as streetcar and bus services.
The object of significant capital investment under the ownership of Samuel Insull, the North Shore Line was notable among interurbans for its substantial physical plant, its record-setting operating speeds and the innovative services it provided, such as its pioneering "ferry truck" operations and streamlined Electroliners. The North Shore Line was also notable for its relative longevity; one of the four interurbans still operating in 1960, it was the second and last to undergo complete abandonment. Author and railroad historian William D. Middleton described the North Shore Line as a "super interurban" and opined that its cessation of rail service in 1963 marked the end of the "interurban era" in the United States. Read more at https://en.wikipedia.org/wiki/Chicago_North_Shore_and_Milwaukee_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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