New Orleans Great Northern Railway Company
New Orleans Great Northern Railway Company
- Only one piece available...
- Inventory on the way
|New Orleans Great Northern Railway Company
|Income Debenture Bond
|July 1, 1933
|Security Bank Note Company
14 1/2" (w) by 9 1/2" (h)
|Show the exact certificate you will receive
The New Orleans Great Northern (also known as the “Nogan”), like the Meridian and Memphis, the Jackson and Eastern, most of the Gulf, Mobile and Northern, and countless other segments of railroads in Mississippi, was built for the primary, purpose of serving as a lumber hauling road.
The line was developed by a group of wealthy Yankee lumbermen who began their operations in the Mississippi timber regions after 1900. This group, led by F. H. and C. W. Goodyear, of Buffalo, New York, purchased a tremendous amount of standing timber in the southwestern part of Mississippi and adjacent areas of Louisiana. Their plan was to erect a large-scale sawmill somewhere in the vicinity of their holdings and to process their timber at this central point. Since there was no railroad through much of their holdings, the group, of necessity, had to build a line to haul their timber to the mill and the lumber to market. After extensive study, the group decided to build the Great Southern Lumber Company at the site of what is now the city of Bogalusa, Louisiana. The town was built alongside Bogue Lusa Creek and thus received its unusual name. There was no town, lumber mill, or railroad when the project started, so all three essentials to this operation were begun at about the same time. The plan called for a town to house 8,000 people, a mill to manufacture a million feet of lumber each day, and a railroad some 200 or more miles long to run between New Orleans and Jackson, Mississippi by way of Bogalusa.
The New Orleans Great Northern Railroad Company was incorporated under Louisiana law on January 27, 1905. A sister concern, the New Orleans Great Northern Railroad Company of Mississippi, was incorporated on May 9, 1905, and the two companies were merged into one under the Louisiana charter on August 6, 1906.
On June 1, 1905, the New Orleans Great Northern bought the East Louisiana Railroad (which had been incorporated on July 8, 1887 to buy, build, or operate a railroad in certain sections of Louisiana and Mississippi). This line had been started by a group of local businessmen whose principal purpose was to open up the timber reserves in the area north of Lake Pontchartrain. The principal properties of the East Louisiana were acquired from the Poitevant and Favre Lumber Company of Mandeville, Louisiana, which had built a log road from Florenville, Louisiana, to a point on West Pearl River near the present town of Pearl River, Louisiana.
In 1929, the Gulf, Mobile & Northern Railroad took control of the line through a stock exchange agreement. The agreement allowed the Nogan to operate as a separate corporate entity. Earlier the GM&N and the Chicago, Burlington & Quincy Railroad had entered into a traffic agreement with the Nogan. This stock exchange program authored by the GM&N was proposed basically to protect the Nogan’s New Orleans line, which was considered vital to the GM&N’s future.
In 1932, as a result of its heavy debt load, the Nogan fell into receivership. A year later, the company emerged as a the re-organized New Orleans Great Northern Railway. It was immediately leased for a period of 99 years to the GM&N, and subsequently controlled by the GM&N and the Gulf, Mobile & Ohio Railroad.
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.
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.
How will you ship my order and how much do you charge?
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.
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.
As soon as your order is shipped you will receive your tracking information via email.
OVERSEAS ORDERS PLEASE NOTE THAT WE DECLARE FULL ORDER VALUE ON ALL SHIPMENTS. CUSTOMER IS RESPONSIBLE FOR ALL VAT/CUSTOMS CHARGES.
Our goal is to make sure every item you receive is exactly what you had in mind. If you not happy with your purchase, we’ll help you get it sorted in a timely and professional manner.
You can return anything we offer for an exchange, refund or store credit within 30 days of delivery. Return shipping costs may apply, and the item must be in its original condition and packaging.
Any shipping charges collected on the original order are not eligible for a refund.