Norfolk and Western Railway Company
Norfolk and Western Railway Company
- Only 1 available!
- Inventory on the way
Product Details
Company | Norfolk and Western Railway Company |
Certificate Type | Registered Convertible Gold Bond |
Date Issued | Unissued, circa early 1900's |
Canceled | Yes |
Printer | American Bank Note Company |
Signatures | NA |
Approximate Size |
15" (w) by 10" (h) |
Product Images |
Show the exact certificate you will receive |
Authentic | Yes |
Additional Details |
Please note small chip in bottom right side border |
Historical Context
Incorporated in the mid 19th century as the Norfolk and Petersburg, the line connecting the two Virginia cities was completed in 1858. Part of the track crossing the “Dismal Swamp;” was laid on a mat of trees and logs. The Norfolk and Petersburg consolidated with the Southside Railroad and the Virginia and Tennessee in 1867. The three roads merged completely in three years later to form the Atlantic, Mississippi and Ohio. In 1881, the AM&O was sold to Clark banking interests, who renamed it Norfolk and Western. In 1924, the Pennsylvania Railroad bought an interest in this Roanoke, Virginia based coal carrier – whose main operation was to transport output from the mining areas of West Virginia and Kentucky.
Later, the company made a determined effort to improve its locomotives in an effort to make them compete with the new diesels. In its own design offices and own locomotive works at Roanoke, the line produced three new locomotives. The J class 4-8-4, first built in 1941, was designed to haul the prestige passenger services at 100mph or more, while the A class 2-6-6-4 and Y class 2-8-8-2 articulated types were used for freight work. The major benefit of these new engines was a streamlined maintenance regime between runs, which allowed inspection, refueling and lubrication to occur in less than hour. This drove down maintenance costs by an estimated 37%. Eventually though, the Norfolk & Western succumbed to the benefits of the diesel, placing orders for 75 units in 1957. Later, there was a sustained push for the consolidation of numerous lines. In the fall of 1959, the Norfolk and Western, and the Virginian merged. It was during this time, that nation saw a marked decline in total track mileage. At its peak the line operated some 8,000 miles of track, 1,300 locomotives and 86,000 freight cars.
Related Collections
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?
Are the images presented in your product listings of the exact piece I will receive?
How will you ship my order and how much do you charge?
Can I return my purchase?
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.