Description: The New York Central Railroad (NYC) was one of the dominant transportation companies in American railroad lore. It served most of the Northeast and large portions of the Mid-west, with tracks also into Canada. For auction is a "Refunding & Improvement Mortgage Bond, 4 1/2%" from the NYC. It is dated April 1, 1967, was due October 1, 2013, and was in the amount of $1,000. 1967 NYC New York Central Railroad 4 1/2 % mortgage bond, $1,000 Click images to enlarge Description The New York Central Railroad (NYC) was one of the dominant transportation companies in American railroad lore. It served most of the Northeast and large portions of the Mid-west, with tracks also into Canada. States in the NYC system include New York, New Jersey, Pennsylvania, Ohio, Indiana, Illinois, West Virginia, Michigan, Missouri, and Massachusetts; it also ran into the provinces of Quebec and Ontario. Its primary routes were to connect New York City with Boston in the east and with Chicago and St. Louis in the west, but it also had trackage to other major cities including Detroit, Cleveland, Cincinnati, Buffalo, Pittsburgh and Indianapolis. The NYC competed directly with the Pennsylvania Railroad in many markets, and other smaller lines also provided stiff competition. After World War II, the NYC began to see costs increase and revenues decline, caused in some part by its commuter services in the Northeast and labor costs. In an effort to survive, the NYC merged in 1968 with the Pennsylvania Railroad to form the Penn Central; this did not solve financial and operating problems, and in 1976 the Penn Central and other eastern lines were taken into the government-owned Conrail system. Conrail was broken up in 1998, and the NYC's surviving trackage is now mostly owned and operated by Norfolk Southern and CSX. For auction is a "Refunding & Improvement Mortgage Bond, 4 1/2%" from the NYC. It is dated April 1, 1967, was due October 1, 2013, and was in the amount of $1,000. The vignette shows Grand Central Station, New York City. The bond, which measures appx 13 1/2 x 10 inches, is printed on typical stock/bond security paper. It is sealed and hand-signed. The bond is in very good condition, with no rips or tears; all writing/markings are from its issuance and processing. It has the customary cancellation punch holes and staple holes from other documents once attached. A nice item for someone's NYC collection. Pictures sell! Auctiva offers Free Image Hosting and Editing.300+ Listing Templates! Auctiva gets you noticed! The complete eBay Selling Solution. Track Page Views WithAuctiva's FREE Counter
Price: 9 USD
Location: Alexandria, Virginia
End Time: 2024-11-23T20:09:41.000Z
Shipping Cost: 3.89 USD
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Item Specifics
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 14 Days
Refund will be given as: Money Back
