|Title||Bond: Morris & Essex Railroad Co. $1000 Registered Construction Mortgage; due Nov. 1, 1975. N.d., ca. 1931. Unissued.|
|Collection||Hoboken Railroad Collection|
|Credit||Museum Collections. Gift of a friend of the Museum.|
|Scope & Content||
Unissued registered bond of The Morris and Essex Railroad Company, New York, $10,000, no date, probably 1931.
Engraved and printed paper, red ink, 9-1/4" high x 13-7/16" wide. Unissued, no markings. Serial number RX1833.
Registered Construction Mortage 4-1/2% Gold Bond, Series 6, Due November 1, 1975. (A fifty-year bond.)
A date that is related to the probable year of registration is found in the printed text of a guarantee by the lessee of the M&E, The Delaware, Lackawanna and Western Railroad, which is dated as 1st of May 1931. (The year 1931 was part of the era called the Great Depression and successfully floating a bond issue during this economic / credit crisis would have been difficult to almost impossible. It has not been discovered if any of these bonds were sold.)
The center vignette is a modern city with automobiles, a steam locomotive hauling passenger cars and on the next track, a passenger train end car with an observation platform.
Printed by the American Bank Note Co.
Trustee: City Bank Farmers Trust Company.
Denomination was $10,000 (ten thousand dollars); a $1,000 denomination was also offered, see archives 2012.007.0107.
|Related Records||Show Related Records...|
|Year Range from||1931.0|
|Year Range to||1931.0|
Morris & Essex Railroad Co.
Delaware, Lackawanna & Western Railroad
Business & Commerce