1945 DELAWARE LACKAWANNA DRAFT(S) TO OLD NYC BANKS 4 INT. ON MORRIS ESSEX BONDS!

$11.24 Buy It Now or Best Offer
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Seller Store collect-a-thon
(24738) 100%,

Location: New York, New York
Ships to: US,
Item: 353507228924

Restocking Fee:No
Return shipping will be paid by:Buyer
All returns accepted:Returns Accepted
Item must be returned within:14 Days
Refund will be given as:Money back or replacement (buyer’s choice)
Country/Region of Manufacture:United States
Type:Bank Check,Banknotes,Bond Certificates,Collections & Lots

Buy Now Price is per single draft. FREE shipping and guaranteed different Bank(s) on additional ones! RICH 1945 INTEREST CHECKS ON BONDS OF THE MORRIS & ESSEX RAILROADALL ISSUED TO HISTORIC OLD NYC BANKS!! The Delaware Lackawanna and Western RR ran all over the Northeast, including New Jersey where it had a controlling interest in the Morris and Essex, but its financial roots were right here in NYC, as evidenced by these drafts drawn on the account of the Railroad’s Treasurer located at 140 Cedar Street, a stone’s throw from Wall Street. Each draft was issued to a different large NYC Financial Institution for payment of interest on GOLD bonds of the Morris and Essex Railroad that were due in 2000, 55 year hence! They range from the mid-$100’s to over $5000, which would apply to about $30 million face value in bonds! All drafts are payable through the National City Bank of New York (Now CITIBANK!!). Payee Banks, most of which are now part of JP Morgan Chase, include:The Fifth Avenue Bank of New YorkChemical BankGuaranty TrustCorn Exchange BankNew York TrustFirst National Bank of the City of New YorkMarine Midland BankBankers Trust (New Deutsche Bank)Irving Trust (now Bank of New York/Mellon)Other smaller banksIf you buy multiples, every bank will be different, which will add up to a one-of-a-kind collection!! Otter be $50. Will soon be otter here at $12.49 per very rare Railroad Draft! The Delaware, Lackawanna, & Western Railroad (also known as the DL&W or Lackawanna Railroad) was a U.S. Class 1 railroad that connected Buffalo, New York, and Hoboken, New Jersey (and by ferry with New York City), a distance of about 400 miles (640 km). Incorporated in Pennsylvania in 1853 primarily for the purpose of providing a connection between the anthracite coal fields of Pennsylvania’s Coal Region and the large markets for coal in New York City the railroad gradually expanded both East and West, eventually linking Buffalo with New York City. Like most coal focused railroads in Northeastern Pennsylvania (e.g. Lehigh Valley Railroad, New York, Ontario and Western Railroad and the Lehigh & New England Railroad), the DL&W was profitable during the first half of the twentieth century, but its margins were gradually hurt by declining Pennsylvania coal traffic especially following the 1959 Knox Mine Disaster and competition from trucks following the expansion of the Interstate Highway System in the 1960s and 1970s. In 1960, the DL&W merged with rival Erie Railroad to form the Erie Lackawanna Railroad that would be taken over by Conrail in 1976.

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1945 DELAWARE LACKAWANNA DRAFT(S) TO OLD NYC BANKS 4 INT. ON MORRIS ESSEX BONDS!

Frequently Asked Questions About 1945 DELAWARE LACKAWANNA DRAFT(S) TO OLD NYC BANKS 4 INT. ON MORRIS ESSEX BONDS! in My Website

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