WICHITA & NORTHWESTERN RAILWAY Bond 1907. Wichita Falls, TX. Became Katy. VF+++

Description

Wichita Falls and Northwestern Railway Company. Bond issued July 1, 1907. Incorporated in the Territory of Oklahoma
. Embossed company seal lower left. Certificate
No. 407
. ,000 First Mortgage 5% 30-Year Gold Bearer Coupon Bond. Principal due 1937. Hand signed by company
president J. (Joseph) A. Kemp
and
secretary Wiley Blair
. Certificate is about 10” x 14.5.”
Coupons #3 through #60 remain attached
in two sheets. Black print with rust-color overprint/underprint on cream-colored paper. Vignette with approaching train.
The Wichita Falls and Northwestern Railway was among several short-line railroads which in the first half of the 20th century extended like the spokes of a wheel from the hub city of Wichita Falls, Texas. Its principal owners were the entrepreneurs Joseph A. Kempnand his brother-in-law, Frank Kell. The road was chartered with the intent of linking Wichita Falls with Englewood in Clark County in south central Kansas along the Oklahoma border.
In 1906, the Wichita Falls and Northwestern Railway Company was chartered in the still Oklahoma Territory. This track never reached Kansas but instead several Oklahoma communities, Frederick in Tillman County and Altus in Jackson County, both in the southwestern portion of the state, to Elk City in Beckham County in western Oklahoma, and Forgan in Beaver County in the Oklahoma Panhandle. There was also a branch from Altus to Wellington in Collingsworth County, Texas.
As its volume of business increased on the Wichita Falls and Northwestern Railway, the Wichita Falls Route became attractive to the much larger Missouri, Kansas, and Texas Railway Company, which saw the territory northwest of Wichita Falls as a logical extension of its domain. Consequently, in 1911 the Katy acquired the capital stock of the Wichita Falls and Northwestern Railway. However, the line continued to be operated separately until April 1, 1923, when it was consolidated with the Missouri, Kansas and Texas to form the Missouri-Kansas-Texas Railroad Company.
Condition:  Very Fine+++
, no folds, very minor creasing, no tears, light signs of wear/handling/toning (see photos), punch cancelled.
Printer:
Franklin-Lee Bank Note Company, New York.
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