This is a red bond certificate from The Lehigh Valley Terminal Railway Company Bond Certificate that was issued in 1892. It comes with 4 pages - a sheet of 8 coupons, 2 extension agreements, and the bond itself. Has been cancelled. 

The Lehigh Valley Terminal Railway Company was a crucial component of the Lehigh Valley Railroad's expansion into New Jersey and its efforts to reach New York City in the late 19th century. It was part of the larger strategy that transformed the Lehigh Valley Railroad from a regional coal carrier into a major trunk line connecting Buffalo to New York through Pennsylvania and New Jersey

The Lehigh Valley Terminal Railway was organized in 1891 through the consolidation of several smaller railroad companies: The South Plainfield and Roselle Railway, The Newark and Roselle Railway and The Newark Railway

Its primary purpose was to create a continuous route from South Plainfield, New Jersey, through Newark, and ultimately to Jersey City, where the Lehigh Valley Railroad sought to establish a terminal on the Hudson River.

A key component of the Lehigh Valley Terminal Railway's infrastructure was the construction of a bridge across Newark Bay. This bridge, completed in the early 1890s, was essential for connecting the railroad's New Jersey lines to its terminal facilities in Jersey City.

The Lehigh Valley Terminal Railway's independent existence was relatively short-lived. In 1895, the Greenville and Hudson Railway was constructed, providing a direct connection to the Hudson River terminal and reducing dependence on the National Docks Railway. Later in 1903, all of the Lehigh Valley's lines in New Jersey, including the Lehigh Valley Terminal Railway, were consolidated under the name Lehigh Valley Railroad Company of New Jersey.