IOWA/MINNESOTA. 7% First Mortg.Conv.(Sample) Bond of $1000=£200. green, black. In generally worn condition with heavy folds, including long tears, and paper loss in the borders. Yet, a bond which might well be unique (not in the Cox database). Vignette of a train approaching station. Formed 1868 with 221 miles of line, Burlington to Plymouth IA. In 1876 became the Burlington, Cedar Rapids and Northern Ry, which expanded to 990 miles of line before becoming part of the Chicago, Rock Island & Pacific in 1902. This is one of a limited number of railroad bonds where the nominal value is not only expressed in dollars, but also in pounds sterling. The idea was of course to sell some of these bonds in Britain.
Date: 1 May 1869
Startprice: € 200