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Description
The Hudson and Manhattan Railroad (H&M), later as the H&M Hudson Tubes, was the first major railroad to link stations in New Jersey with New York City. It was first planned in 1873, but early construction was intermittent. The first trains ran in 1907 and revenue service started between Hoboken and 19th Street in 1908. In 1909, service began between Lower Manhattan and Jersey City, through a new set of tunnels located south of the first pair. After the completion of the uptown Manhattan extension to 33rd Street and the westward extension to Newark (and the now-defunct Manhattan Transfer in 1911), the H&M was considered to be complete. Bridge development eroded the passenger base, and the H&M filed for bankruptcy in 1954. The Port Authority, a government-subsidized entity, began service in 1962. The H&M is today commonly referred to as the PATH train.
For auction is an unissued $1,000 5% Adjustment Income Bond, circa 1930s. The bond measures appx 13 1/2 x 10 inches and is printed on mid-weight paper. It is in very good condition, with no rips or tears; there are small snags on both right-side corners, and it has a center-line fold.There are no markings, writing or punch holes.
For auction is an unissued $1,000 5% Adjustment Income Bond, circa 1930s. The bond measures appx 13 1/2 x 10 inches and is printed on mid-weight paper. It is in very good condition, with no rips or tears; there are small snags on both right-side corners, and it has a center-line fold.There are no markings, writing or punch holes.
