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Collectible Stocks and Bonds from North American Railroads
 by Terry Cox
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Certificates of deposit
  

 

Please note: A small number of "certificates of deposit " are known with handwritten railroad company names. Most were partially printed generic forms created by ordinary print shops. Some documents like this may be very scarce and historic. However, they too highly variable in content, purpose, and format to track in this database. I generally do not list certificates of deposit unless they have pre-printed company names.

 

"Certificates of deposit" are among the most confusing of all the certificates collected as peripheral to railroad stocks and bonds.

WOR-231-O-55.jpg (82459 bytes)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.
 
 

 
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