1916 National Properties American Railways $25 Bond Interest Coupons
Excellent condition. Uncut block of 5 pcs. Rare and scarce!
Engraver: Republic Bank Note Company, Pittsburgh, PA.
The company was incorporated in Delaware in 1912. The bond is dated January 1, 1916. 8 coupons were cut.
In 1912 National Properties Co. was incorporated as a holding company, acquiring Wilmington & Philadelphia Traction Co. in 1913, and American Railways Co. in 1916, holding company dissolved 1920. In 1923 renamed American Electric Power Co. From 1924 to 1928 controlled by Electric Bond & Shares Co./American Gas & Electric Co. In 1931 renamed back to American Railways Co. In 1934 Penn Western Gas & Electric Co. was incorporated as a holding company, acquiring American Railways Co., liquidated 1939. The last remaining American Railways Co. property was the People's Railway Co., one of several transit operators in Dayton OH, sold in 1945. Liquidated 1947..