Search greenbayroute.com:
Green Bay & Western Lines
The East-West Short Route
 [Home]     

Home

What's New?
Guest Book


  
Did you know...


Reload this page for more GREEN BAY ROUTE facts.
 
Search greenbayroute.com:
Green Bay & Western Lines
The East-West Short Route
 [Home]     Information ] Locos ] Rolling Stock ] Photos & Stuff ] Ephemera ] Modeling ] References ] Site Map ]
GBW&StP Bond

Up ]

 

This $1000 GBW&StP second-mortgage bond carried an 8% interest rate.


The Green Bay, Winona & St. Paul Railroad purchased the assets of the bankrupt Green Bay & Minnesota on January 20, 1881.  The purchase was funded with $10 million in stock, $1.6 million in a first mortgage at 6% and $3.8 million in a second mortgage at 8%.

Actual business did not match the optimism of the new railroad; in January 1885 the GBW&StP defaulted on interest payments.  The railroad floated in and out of of receivership throughout the 1880s.  In 1895 a lawsuit by a holder of five shares of GBW&StP stock brought the railroad to its knees and the railroad was forced into bankruptcy, emerging as the Green Bay & Western the following year.

[ Top of This Page


 The Green Bay Route is maintained by Mark Mathu.
Visit the Guest Book or send comments to mark@mathu.com.
Updated August 06, 2012

[ Top of This Page


 The Green Bay Route is maintained by Mark Mathu.
Visit the Guest Book or send comments to mark@mathu.com.
Updated July 11, 2015