Colorado Railroad 50-Year Bond
A handsome 50-year railroad bond from an early Colorado railroad company called the Rio Grande Southern Railroad. The 5% gold bond in the amount of $1,000, no. 4211, came due in 1940. The certificate is signed by company president Otto Mears at lower right, secretary J.L. McNeil at lower left, and by a Central Trust Company of New York trustee verso. Dated July 1, 1890. Bearing an embossed seal reading "The Rio Grande Southern Railroad Company / Incorporated / Seal / 1889" at lower left. Double-sided, and with four columns of coupons bound to the left of the document. Three rows of coupons have been clipped off of the existing sheet, and the January 1922 and January 1924 coupons have been taped. With expected light folds. Else near fine. 14.75" x 10."
Company president Otto Mears founded the Rio Grande Southern Railroad Company in 1889 to connect the western Coloradan mining town of Durango in the south and Ridgway to the north, a distance of some 80 miles. The railroad nearly folded just four years later, after the Panic of 1893, and finally shuttered in 1953.
This item comes with a Certificate from John Reznikoff, a premier authenticator for both major 3rd party authentication services, PSA and JSA (James Spence Authentications), as well as numerous auction houses.
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