Mann's Boudoir (Railroad) Car Co signed by William D'Alton Mann - 1886 dated $1,000 Uncanceled Gold Bond
Inv# AG1207 Bond
William d'Alton Mann (September 27, 1839 – May 17, 1920) was a Union officer during the American Civil War, as well as a businessman and a newspaper and magazine publisher. During the Civil War, Mann enlisted in the 1st Michigan Cavalry and was elected as a captain on August 22, 1861. He later became the lieutenant colonel of the 5th Michigan Cavalry on August 14, 1862. In the late summer of that year, he raised and organized the 7th Michigan Cavalry, eventually being promoted to colonel on February 9, 1863. He fought at the Battle of Gettysburg under General George Armstrong Custer.
After the war, he became a member of the Military Order of the Loyal Legion of the United States. Following the war, Mann settled in Mobile, Alabama, where he pioneered developments in the manufacture of cottonseed oil. He ran for a seat in the U.S. Congress as a Democrat and received a majority of the votes; however, he never took his seat due to the denial of his certificate by federal authorities.
In 1871, he moved to New York City, where he developed Mann's Boudoir Car, a type of railroad sleeping car. He spent many years promoting this car in Europe, and it was eventually sold to the Pullman Company. In his later years, Mann became the publisher of the Mobile Register and several popular magazines in the New York City area, including The Smart Set and Town Topics. However, the credibility of Town Topics suffered when Mann made a tacit admission in civil court, acknowledging that he allowed wealthy individuals to purchase immunity from unfavorable coverage in the paper. In 1906, The New York Times reported that Mann claimed to have received loans from several millionaires, including $25,000 from William K. Vanderbilt.
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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