State of New York - Will of Anna Harriman Vanderbilt for Margaret Rutherford Sprague - 1942 dated $1,000 General Bond
Inv# AG3017 Bond
$1,000 3% Rail Road Grade Crossings State of New York Department of Audit and Control, Albany Bond mentioning Anna Harriman Vanderbilt for Margaret Rutherford Sprague but not signed.
Anne Harriman Sands Rutherfurd Vanderbilt (February 17, 1861 – April 20, 1940) was an American heiress known for her marriages to prominent men and her role in the development of the Sutton Place neighborhood as a fashionable place to live. In 1903, along with Anne Morgan and Elisabeth Marbury, Anne helped organize the Colony Club, the first women's social club in New York. They engaged Stanford White, then New York's most famous architect, to design the interiors of the club.
Anne was also known for her philanthropy and for devoting "herself to those less fortunate". She financed the construction of the "open-stair" apartment houses, four large buildings that contained almost 400 apartments on what is now York Avenue in Manhattan. The buildings were created to house tuberculosis patients. Vanderbilt donated $1,000,000 and the buildings were completed in 1910.
In 1916, she hosted a fundraiser for the war sufferers of Venice.
In 1919, she was made a Knight of the Légion d'honneur by the French government and in 1932, she received the rank of Officer of the Légion d'honneur.
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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