You will receive the exact certificate pictured
Over 125 years old
Second mortgage gold income bond
February 12, 1891
Issued, canceled
Franklin Bank Note Company
Hand signed
10 1/2" (w) by 14 1/2" (h)
NA
Historical Context
The Cotton Belt was part of the railroad empire acquired by financier Jay Gould in the last quarter of the 19th century. "By 1890 Gould owned the Missouri Pacific, the Texas and Pacific, the St. Louis Southwestern, and the International-Great Northern, one-half of the mileage in the Southwest", the Handbook of Texas wrote.
The railroad was organized on January 15, 1891, although it had its origins in a line founded in Tyler, Texas, in 1871. Construction of the original Tyler Tap Railroad began in the summer of 1875, and the first 21 miles out of Tyler to Big Sandy, Texas were constructed by early October 1887. The line became the Texas and St. Louis Railway, and was completed between Gatesville, Texas and Bird's Point, Missouri by August 12, 1883, creating a continuous 725-mile system. However, that line promptly went into receivership, and was purchased by the St. Louis, Arkansas and Texas Railway in 1886. The assets of that company were acquired out of foreclosure by the St. Louis-Southwestern Railway in 1891.
On October 18, 1903, the Cotton Belt gained trackage rights over the Missouri Pacific Railroad along the eastern shore of the Mississippi River to reach East St. Louis, Illinois, and then used Terminal Railroad Association trackage rights into St. Louis. The Cotton Belt operated a freight station in downtown St. Louis, but its main base of operations in the area was its yard and a locomotive servicing facility in East St. Louis, just east of Valley Junction, and south of Alton and Southern Railroad's Gateway Yard, and north of Kansas City Southern's East St. Louis Yard. Union Pacific Railroad now operates Cotton Belt Yard, although the engine servicing facilities have been demolished.
The Cotton Belt and its subsidiary St. Louis Southwestern Railway of Texas operated 1,607 miles of road in 1945; 1,555 miles in 1965; and 2,115 miles in 1981 after taking over the Rock Island's Golden State Route. In 1925, SSW and SSW of Texas reported a total of 1,474 million net ton-miles of revenue freight and 75 million passenger-miles; in 1970 it carried 8,650 million ton-miles and no passengers.
The Southern Pacific Railroad (SP) assumed control of the SSW on April 14, 1932 and operated it as a subsidiary of SP until 1992, when the Southern Pacific consolidated the Cotton Belt's operations into the parent company. Southern Pacific merged with Union Pacific Railroad in 1996.
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