Economic Education through Numismatics
  • 1894 Kansas City Northwestern Railroad Company $25 Bond Interest Coupons


    1894 Kansas City Northwestern Railroad Company $25 Bond Interest Coupons

    Excellent condition. Uncut block of 6 pcs. 

    Engraver: International Bank Note Company, New York.

    The Kansas City, Wyandotte Northwestern Railroad came through Bancroft, Kansas, in 1887, providing rail transportation to many smaller towns and cities between Kansas City, Missouri, and Virginia, Nebraska. The "Northwestern" as it was commonly known, provided a direct route into the Kansas City market for farm products, and also provided passenger service to and from the largest metropolitan area adjacent to northeast Kansas.

    Financing and building of the line was a prolonged and tumultuous affair, plagued with many difficulties. Raising funds locally was not easy, resulting in promises being made by promoters that were difficult and/or expensive to keep. The August 18, 1887 issue of a local newspaper (The Goff News, Railroad Rumblings column) reported that some 20 or 30 suits had been filed against KCNW saying amounts assessed at $20 per acre were unsatisfactory. Construction was sometimes delayed because workers quit when not paid. Sometimes other operating lines already occupied the most feasible route so it was necessary to spend time and money obtaining trackage rights. These reasons and many more were to bring the line into receivership in 1894, whereby it was bought by the Missouri Pacific Railroad and renamed the Kansas City Northwestern Railroad, the "Wyandotte" having been dropped in the process.