Eagles Mere Railroad - 5% First Mortgage Gold Bond - 1912 - Coupon #1

Description

Eagles Mere Railroad - 5% First Mortgage Gold Bond - 1912 - Coupon from Bond #1
This original coupon, issued in connection with the Railroad's 1912 reorganization, was attached to the first of 280 authorized 5% First Mortgage Gold bonds, although fewer may have been issued.  This coupon represents a coupon payment due "in gold coin" to the bearer on October 1, 1930.  Ideal for framing or paperweight.
The
Eagles Mere Railroad
was a
3-ft
narrow-gauge
railroad in
Sullivan County, Pennsylvania
, built in 1892 to connect the resort of
Eagles Mere
with the
standard gauge
Williamsport and North Branch Railroad
at
Sonestown
. It was leased to the connecting Williamsport & North Branch in 1901, which continued to operate it as a narrow gauge, and extended it in 1902–3 to Eagles Mere Park and a connection with the narrow gauge
Susquehanna and Eagles Mere Railroad
, a
logging railroad
. The line went through a receivership and reorganization in 1912, and a second in 1920, due to increasing competition with automobiles for traffic to Eagles Mere. It was reorganized again in 1922 as the
Eagles Mere Railway
, operating independently of the W&NB, but ended passenger service in 1923 and freight service in 1927. It was abandoned in 1928.