Edison United Phongraph Co. - 1903 dated $1,000 New Jersey Gold Bond - Uncanceled
Inv# PH1000 Bond
$1,000, 4% Uncanceled Gold Bond printed by American Bank Note Co., New York, Litho. Rare!
Established on February 24, 1890, in New Jersey, the Edison United Phonograph Company was specifically formed to manufacture and market phonographs and graphophones outside the United States and Canada. The company maintained extensive stock and contractual relationships with Thomas Edison’s other ventures, including the Edison Phonograph Works and the International Graphophone Company. Financial operations were managed by the New York banking house of J. & W. Seligman & Company and their affiliated firms in foreign countries, who served as the company’s bankers and financial agents.
During its operational period, the Edison United Phonograph Company played a pivotal role in the early international expansion of sound recording technology. Notably, in 1893, the company successfully secured an injunction against the North American Phonograph Company for permitting regional subsidiaries to sell machines in England. This legal action directly violated Edison United’s exclusive marketing rights in that territory. This legal pressure, coupled with other financial difficulties, ultimately resulted in the receivership of the North American Phonograph Company in 1894. Consequently, the Edison United Phonograph Company itself entered receivership in the spring of 1894 and was eventually succeeded by the Edison-Bell Phonograph Corporation, Ltd. in London. The company was officially dissolved around 1902.
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.
Ebay ID: labarre_galleries