Reading Company $10,000 gold bond certificate 1901 (Pennsylvania) - Jersey Central Collateral

PA Monopoly game RR! Nice vignette of a seated female figure with train and shipping scenes in the background. Unissued but dated 1901in the text, maturing 1951. Vertical fold from storage. Measuring approximately 13.5 x 9.5 inches. 

The Reading Company was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976. Commonly called the Reading Railroad, the Reading Company was a railroad holding company for most of its existence, and a single railroad in its later years. It operated service as Reading Railway System and was a successor to the Philadelphia and Reading Railway Company, founded in 1833.

Reading Company origins:
The Philadelphia and Reading Rail Road (P&R) was one of the first railroads in the United States. Along with the Little Schuylkill, a horse-drawn railroad in the Schuylkill River. The original P&R mainline extended south from the mining town of Pottsville to Reading and then to Philadelphia. From its founding in 1843, the original Reading mainline was a double track line. In 1879, the Reading gained control of the North Pennsylvania Railroad, which provided access to the burgeoning steel industry in the Lehigh Valley.

Jersey Central origins:
The Central Railroad of New Jersey, also known as the Jersey Central, Jersey Central Lines or New Jersey Central (CNJ), was a Class I railroad with origins in the 1830s. It was absorbed into Conrail in April 1976 along with several other prominent bankrupt railroads of the Northeastern United States. The earliest railroad ancestor of the CNJ was the Elizabethtown & Somerville Railroad, incorporated in 1831 and opened from Elizabethport to Elizabeth, NJ, in 1836.

Horses gave way to steam in 1839, and the railroad was extended west, reaching Somerville at the beginning of 1842. The Somerville and Easton Railroad was incorporated in 1847 and began building westward. From 1883 to 1887, the CNJ was leased to and operated by the Philadelphia & Reading Railroad, with which it formed a New York-Philadelphia route. CNJ resumed its own management after reorganization in 1887.

In 1901, the Reading Company (RDG), successor to the Philadelphia & Reading, acquired control of the CNJ through purchase of most of its stock, and at about the same time Baltimore & Ohio Railroad (B&O) acquired control of the RDG, gaining access to New York over RDG and CNJ rails.

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