Buffalo Creek Railroad Co. - Specimen Bond - Railroad Bonds For Sale

Available in $1,000 Red or $5,000 Blue Gold Bond Specimens. Superb train vignette by Hamilton Bank Note Co., NY. Extremely Rare!! Only 1 of each color available. Please specify type. Both bonds are Gorgeous!!! In relation to the Buffalo Creek Railroad, Conrail (reporting mark CR), formally the Consolidated Rail Corporation, was the primary Class I railroad in the Northeastern United States between 1976 and 1999. The trade name Conrail is a portmanteau based on the company\'s legal name and it continues to do business as an asset management and network services provider in three Shared Assets Areas that were excluded from the division of its operations during its acquisition by CSX Corporation and the Norfolk Southern Railway. The federal government created Conrail to take over the potentially-profitable lines of multiple bankrupt carriers, including the Penn Central Transportation Company and Erie Lackawanna Railway. After railroad regulations were lifted by the 4R Act and the Staggers Act, Conrail began to turn a profit in the 1980s and was privatized in 1987. The two remaining Class I railroads in the East, CSX Transportation and the Norfolk Southern Railway (NS), agreed in 1997 to acquire the system and split it into two roughly-equal parts (alongside three residual shared-assets areas), returning rail freight competition to the Northeast by essentially undoing the 1968 merger of the Pennsylvania Railroad and Item ordered may not be exact piece shown. All original and authentic.