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new State of New York Issued to Philip D. Armour - 1943 dated $5,000 Bond

Inv# GB5777   Bond
New Item!
State(s): New York
Years: 1943

$5,000 3% Elimination of Railroad Grade Crossings Bond issued to Philip D. Armour and printed by Quayle & Son, New York. Likely related to the Armour Meat Packing Co.

Armour & Company was an American company and was one of the five leading firms in the meat packing industry. It was founded in Chicago, in 1863, by the Armour brothers led by Philip Danforth Armour. By 1880, the company had become Chicago's most important business and had helped make Chicago and its Union Stock Yards the center of America's meatpacking industry. During the same period, its facility in Omaha, Nebraska, boomed, making the city's meatpacking industry the largest in the nation by 1959. In connection with its meatpacking operations, the company also ventured into pharmaceuticals (Armour Pharmaceuticals) and soap manufacturing, introducing Dial soap in 1948. Presently, the Armour food brands are split between Smithfield Foods (for refrigerated meat, Armour Meats) and ConAgra Brands (for canned shelf-stable meat products, Armour Star). The Armour pharmaceutical brand is owned by Forest Laboratories. Dial soap is now owned by Henkel.

Condition: Excellent

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.

Item ordered may not be exact piece shown. All original and authentic.
Price: $35.00