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- Canadian National Railway $1000 bond 1976 (Canada)
Canadian National Railway $1000 bond 1976 (Canada)
Product Description
Canadian National Railway $1000 bond 1976 (Canada)
Canada railroad piece. Uncommon vignette of a modern diesel-electric locomotive hauling freight. Issued and cancelled. Dated 1976. Measures approximately 9 x 13 inches.
Canadian National Railway Company, incorporated 1919, is the longest railway system in North America. It is the only transcontinental rail network in North America, connecting to three coasts: Atlantic, Pacific and Gulf of Mexico. Known as Canadian National (CN), the former Crown corporation expanded its holdings to include marine operations, hotels, telecommunications, and resource industries. CN was government-owned, as a Canadian Crown corporation, from its founding in 1919 until being privatized in 1995.
CN had its origins in the amalgamation of five financially troubled railways during the years 1917–23: the Grand Trunk and its subsidiary, the Grand Trunk Pacific; the Intercolonial; the Canadian Northern; and the National Transcontinental.
In response to public concerns, the Government of Canada assumed majority ownership of the near-bankrupt Canadian Northern Railway (CNoR) on September 6, 1918, and appointed a "Board of Management" to oversee the company. At the same time, CNoR was also directed to assume management of Canadian Government Railways (CGR), a system mainly comprising the Intercolonial Railway of Canada (IRC), National Transcontinental Railway (NTR), Prince Edward Island Railway (PEIR), and the Hudson Bay Railway (HBR).
On December 20, 1918, the Government of Canada created the Canadian National Railways (CNR) as a body with no corporate powers through Order in Council to simplify the funding and operation of the various railway companies. The absorption of the Intercolonial Railway would see CNR adopt that system's slogan, The People's Railway.
Product descriptions and images
Please note that some pictures may only be representative of the inventory available. If we have more than one piece, we are unable to scan and display every piece. Unless otherwise noted, that there are variations for signatures, cancellation marks/holes, serial number, and dates. Colors will be as noted and pictured.
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