Louisville and Nashville Railroad Equipment Trust - $1,000 Bond - Other Various for Sale

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Louisville and Nashville Railroad Equipment Trust - $1,000 Bond - Other Various For Sale

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Louisville and Nashville Railroad Equipment Trust - $1,000 Bond - Other Various :
$79.00

$1,000 5 1/4% Bond printed by Security-Columbian Banknote Company. Colors available are red, brown, yellow, olive, turquoise, blue, and green. Each Color is Different Denominations. Please specify color. The Louisville and Nashville Railroad (reporting mark LN), commonly called the L&N, was a Class I railroad that operated freight and passenger services in the southeast United States. Chartered by the Commonwealth of Kentucky in 1850, the road grew into one of the great success stories of American business. Operating under one name continuously for 132 years, it survived civil war and economic depression and several waves of social and technological change. Under Milton H. Smith, president of the company for 30 years, the L&N grew from a road with less than three hundred miles (480km) of track to a 6,000-mile (9,700km) system serving fourteen states. As one of the premier Southern railroads, the L&N extended its reach far beyond its namesake cities, stretching to St. Louis, Memphis, Atlanta, and New Orleans. The railroad was economically strong throughout its lifetime, operating freight and passenger trains in a manner that earned it the nickname, \"The Old Reliable.\" Growth of the railroad continued until its purchase and the tumultuous rail consolidations of the 1980s which led to continual successors. By the end of 1970, L&N operated 6,063 miles (9,757km) of road on 10,051 miles (16,176km) of track, not including the Carrollton Railroad. In 1971 the Seaboard Coast Line Railroad, successor to the Atlantic Coast Line Railroad, purchased the remainder of the L&N shares it did not already own, and the company became a subsidiary. By 1982 the railroad industry was consolidating quickly, and the Seaboar Item ordered may not be exact piece shown. All original and authentic.