Handsome second mortgage convertible bond for the Poughkeepsie, Hartford and Boston Railroad Company for $100, issued to Edward Elsworth on September 1, 1875, 17 x 24, with 52 coupons intact. Carrying a rate of 7%, the bond is signed at the conclusion by George P. Pelton as president, with the upper portion featuring an attractive vignette of a busy, industrial river town with factories, trains, ships, bridges, and a mountainous backdrop, with the adjacent sides showing a farmer and a blacksmith. In fine condition. The Poughkeepsie, Hartford and Boston Railroad Company was founded in 1875 by George Pelton as a reorganization of the Poughkeepsie and Eastern Railroad. It later foreclosed again and was reorganized as The New York and Massachusetts Railway Company in 1886.
