|
"Certificates of deposit" are among the most
confusing of all the certificates collected as peripheral to railroad
stocks and bonds.
 In
some cases, CDs represented receipts for money deposited with
companies to be applied toward the purchase of stocks or bonds.
More often, though, CDs represented receipts for stocks or
bonds deposited with banks or trust companies during periods
of corporate reorganization or bankruptcy. Most of the CDs
you will encounter come from companies that successfully reorganized
and redeemed the certificates.
Normally, certificates of deposit carry sufficient text to
illuminate their original purposes.
|
