Richmond and Danville Railroad - dated 1886 Virginia Railway Gold Bond (Uncancel for Sale

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Richmond and Danville Railroad - dated 1886 Virginia Railway Gold Bond (Uncancel For Sale

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Richmond and Danville Railroad - dated 1886 Virginia Railway Gold Bond (Uncancel:
$225.00

$1000 5% Gold Uncanceled Bond. 88 of 99 coupons remain. American Bank Note-NY. Superb!!! Rare!!! The Richmond and Danville Railroad (R&D) Company was a railroad that operated independently from 1847 until 1894, first in the U.S. state of Virginia and later on 3,300 miles (5,300km) of track in nine states. Chartered on March 9, 1847, the railroad completed its 140-mile (230km) line between Richmond and Danville in 1856. During the American Civil War, the railroad was a vital link between Richmond, the Confederate capital, and the rest of the Confederacy. After the Civil War, the railroad grew to become the 3,300-mile Richmond and Danville Railroad Company System. Placed in receivership in 1892, the Richmond and Danville Railroad Company was sold in 1894 and conveyed into the new Southern Railway Company (later the Norfolk Southern Railway) in 1896 and 1897. The new Richmond and Danville Railroad was championed by Whitmell P. Tunstall, a lawyer in Chatham, Virginia, who was also a member of the Virginia General Assembly. After many years, Tunstall secured a charter for the new railroad on March 9, 1847. In the same year, the state of Virginia took a 60% interest in the capital stock of the company, which it would hold until 1871. Read more at Item ordered may not be exact piece shown. All original and authentic.