Danbury and Bethel Street Railway Co. - $1,000 5% 30 Year Gold Railroad Bond wit for Sale

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Danbury and Bethel Street Railway Co. - $1,000 5% 30 Year Gold Railroad Bond wit For Sale

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Danbury and Bethel Street Railway Co. - $1,000 5% 30 Year Gold Railroad Bond wit:
$129.00

$1,000 5% Bond was payable in U.S. Gold Coin. Uncanceled. Graphics by Security Bank Note Co. Many coupons. Excellent Condition. Rare! The Danbury and Bethel Street Railway was a streetcar transit operator serving the greater Danbury, Connecticut area, originally chartered in 1886. It was one of the few trolley companies to remain independent of the Connecticut Company consolidation of transit lines throughout the state. Electric trolley service between Danbury and Bethel began in 1887. The streetcar line connected to the Danbury and Harlem Traction Company at the Fairgrounds, but no service was provided and the line was abandoned by 1910. The Danbury and Bethel Street Railway faced its first financial difficulties in 1914 as ridership declined with the closure of local factories. The construction of an aborted extension to Bridgeport had nearly exhausted the railway's cash reserves. The company was purchased by J. Moss Ives in 1918 with the intention of bringing the operation back to profitability. The first buses were ordered and put into operation in 1912 between Main Street and Lake Avenue in Danbury. Ives reorganized as the Danbury and Bethel Traction Company in 1925. When the proposal to replace all remaining streetcar lines with bus operation was announced, the trolley motormen all went on strike in November 1926. The work stoppage did not affect the transition, and by the end of 1926 all streetcar operation had been abandoned, making it the first line in Connecticut to completely convert to bus operation. The Danbury Power and Transportation Company succeeded Danbury and Bethel Traction Company and continued to operate local bus transit service around the city of Danbury. The company was headed by A. William Sperry, founder of Sperry Engineering. Streamlined GMC transit buses began to appear between 1945 and 1948. William T. Sperry took over operations from his father in 1950. A number of fare increases through the 1950s were proposed to keep pace with rising costs. The bus operation grew into a regional system by the 1950s. Routes to Brewster, Bridgeport, and Norwalk were operated by subsidiary Intercity Coach and Danbury Bus Company. Sperry also operated White Lines in Bridgeport, as well as local services in Item ordered may not be exact piece shown. All original and authentic.