Valparaiso & Northern Railway
Valparaiso & Northern Railway
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Product Details
CompanyValparaiso & Northern Railway
Certificate Type
First Mortgage Gold Bond
Date Issued
April 1, 1909
Canceled
No
Printer
Northern Bank Note Company
Signatures
Hand signed
Approximate Size
9 3/4" (w) by 14" (h)
Images
Show the exact certificate you will receive
Guaranteed Authentic
Yes
Additional Details
Please note tape repairs, paper loss, edge faults
Historical Context
The Valparaiso & Northern Railway was an electric railway that was organized in 1908 to connect the northern Indiana cities of Valparaiso and Chesterton to the lines of the Goshen, South Bend, and Chicago Railroad (GSB&C). The GSB&C was part of a much broader effort to create a fully electrified railway line that connected Chicago to New York.
The trip along the ~750-mile long Chicago-New York Electric Air Line Railroad was to take about ten hours, about half that of other contemporary rail options. The suggested path was an almost direct route between the two cities (hence the name), with a slight bend at Gary to account for Lake Michigan. When first proposed around 1905, near the height of the interurban area, the idea found enthusiastic support across the nation.
The Air Line Railroad was organized as a holding company, comprised of local firms from the participating states. The first, and only, such company to be formed was the GSB&C. Terrain leveling performed by the Co-Operative Construction Company began at La Porte, Indiana in 1906, but high costs, economic depression, and possible financial irregularities quickly led to the abandonment of the Air Line Railroad. As a result, the GSB&C focused on serving as the interurban railroad for the new city of Gary – a use for which its connections to Chesterton and Valparaiso would come in handy.
Ultimately, only about 20 miles of the Chicago-New York Electric Air Line Railroad was built through the localized efforts of the GSB&C. It would continue to build interurban connections throughout cities across northern Indiana, facilitating the region’s rise in steel production. The Valparaiso & Northern Railway was likely the longest-lasting remnant, continuing to operate service into the late 1930s.
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Additional Information
Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!
All of our pieces are original - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.
FAQ
Are the certificates offered on your site genuine or reproductions?
All of the certificates you see on our site are genuine pieces, we do not sell any reproductions.Are the certificates you sell negotiable on any of today's stock markets or indexes?
No. All of the pieces we sell are either canceled or obsolete and have collectible value only.
Are the images presented in your product listings of the exact piece I will receive?
It depends. We try to present images of the exact piece you will receive whenever possible. However, when we are offering quantities of a piece, this is impossible. Within every product page we detail whether or not you will be receiving the exact certificate listed, or if the image is a representative example of the one you will receive.
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We ship all orders via the United States Postal Service. Most domestic orders are shipped via Ground Advantage. USPS International, Priority and Express Mail, UPS and DHL services are also available, and costs are calculated during checkout. Current charges may be reviewed here.
Can I return my purchase?
Absolutely. You may return any merchandise, for any reason, within 30 days of the purchase date for a full refund of the purchase price.
We guarantee all of our pieces to be authentic. If you ever determine that a piece is not authentic, it may be returned for a full refund of the purchase price as well as any associated shipping charges.
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If your order exceeds $35, and the shipping address is within the United States, shipping via USPS Ground Advantage is FREE!
We make every effort to ship out all orders within 24 hours of receipt.
We ship the majority of orders via the USPS, with domestic orders using the Ground Advantage service.
Shipping is calculated during checkout. Upgraded services such as Priority and Express Mail, as well as UPS and DHL options, are also available.
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Returns
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Any shipping charges collected on the original order are not eligible for a refund.