Chicago and South Western Railroad Company (Atchison branch), first mortgage 30 year 7% gold bond, 1871 of $ 1000,-

Size 27,4 cm by 42,3; Green figures of $1000, orange stamp mark, red paper seal mark, large vignette configuration: train on bridge and river boat, harbour of Liverpool and of San Francisco, uncancelled.

The track was opend on October 9th 1871 and went from Wilton (Iowa) to Leavenport (Kansas), a strech of 353 miles. It was controlled by the Chicago Rock Island and Pacific Railroad. The loan of $ 1 million was not guaranteed by the Chicago Rock Island RR. Issued were 1000 bonds of $ 1000, with 7% tax free interest payable in gold every half year on June and December 1st. The sum of $ 1000 was to be paid back in Gold on June 1st 1901. The bonds were sold in 1871 in Frankfurt, Berlin and Dresden. The coupon of December 1872 was already not paid, nor any later ones. In Berlin trading of the loan was stopped. In Holland a committee was formed led by the Rotterdam Bank. In New York the interests of loan owners was represented by Heidelbach, Frank & Co.
VF, a rare piece !

Text after a description by Tschoepe, auction catalogue december 12th, 1998 in Dusseldorf, Germany.