Any photos not otherwise credited are from the personal collection of Frank Passic, Albion Historian.
Morning Star, August 7, 1994, pg. 8
This past week July 26-31 I participated in the American Numismatic Association 103rd Convention in Detroit with my display of the $10 banknote from the First National Bank of Albion. While at the show, I was on the lookout for anything from Albion for my collection of Albion tokens, medals, and paper money. I was able to purchase a 25-year “gold bond” issued by the Lake Shore & Michigan Southern Railroad, whose tracks ran through Albion.
This particular branch of the Lake Shore ran from Hillsdale to Lansing, and passed through such communities as Jonesville, Litchfield, Homer, Condit, Albion, Devereaux, Springport, Eaton Rapids, Dimondale, and Lansing. Built in 1872, the line was known as the Lake Shore until the World War I, when the company was purchased by the New York Central Railroad.
The tracks were abandoned from Springport to Lansing in 1940, and from Litchfield to Albion in 1943. The tracks from Springport to Albion were abandoned and torn up in 1969, and left to a point just east of N. Clark St. past the McGraw Edison facility. The proposed Albion Renewable Energy project will own land near the old railroad right of way.
The depot of the Lake Shore was located where the Chemical Bank is today next to the U.S. Post Office. The spur tracks which service Guardian Industries are all that remains of the Lake Shore Railroad in Albion today. From our Historical Notebook this week we present an illustration of a portion of this $1,000 gold bond, which yours truly purchased for just $25. It is a 25 year bond issued in 1903, at 4 percent interest. The engraving features a railroad siding along a large steel mill complex, with a ship in the harbor.
$1,000 Gold Bond
All text copyright, 2014 © all rights reserved Frank Passic