West Shore Railroad Company (Hudson River). First Mortgage Guaranteed Bond, Issued $500.00; dated 1923.
An early Junk bond, with an attractive bank-note engraving of the Hudson Highlands - a fictitious Garrison's Landing looking west across the Hudson towards the plains of West Point; with an eagle on the verso. Issued at 4 percent dated 12th March 1918. Chauncey Depew, (1834 - 1928), whose ancestors settled in 1685 at the present location of Peekskill, NY was president of the New York Central Railroad System, and president of the West Shore Railroad Company. This line extended from Weehawken, NJ, north along the west shore of the Hudson River to Albany, NY and then west to Buffalo; it is no longer a passenger line & now serves as CSX Transportation's main freight route from the west to the New York City area. Approx. 13 5/8 x 9 1/4". Printed in orange and black. Very good condition with some cancellation holes. Item #16894