State of New York Issued to Edsel Bryant Ford - $1,000 1940 dated New York Bond - Not Signed
Inv# AB5025 Bond
$1,000 4% Bond printed by Quayle & Sons, Albany, N.Y. Palisades Interstate Park. Issued to Edsel Bryant Ford (not signed). With 1944 dated transfer sheet.
Edsel Bryant Ford (1893–1943), the only son of Henry Ford, served as the president of Ford Motor Company from 1919 until his untimely death. While his father focused on the utilitarian mass production of the Model T, Edsel introduced a sophisticated aesthetic perspective to the industry. He championed vehicles that were not only functional but also visually appealing. In 1922, he spearheaded the acquisition of the Lincoln Motor Company and personally collaborated with designer E.T. Gregorie to create iconic models like the Lincoln Zephyr and the original Lincoln Continental. The latter remains a celebrated masterpiece of automotive design. Beyond styling, Edsel expanded the company’s reach by founding the mid-priced Mercury division in 1938 and successfully introduced modern features such as hydraulic brakes and safety glass.
Edsel’s leadership extended beyond the automotive industry, encompassing significant civic and global contributions. However, his career was often marred by a strained relationship with his domineering father. During World War II, he played a pivotal role in transforming Ford into a formidable force in military production. Notably, he led the development of the Willow Run bomber plant, which became the primary facility for mass-producing B-24 Liberator aircraft. Outside of the factory, Edsel was a prolific philanthropist and patron of the arts. He famously commissioned Diego Rivera to paint the Detroit Industry murals at the Detroit Institute of Arts and founded the Ford Foundation in 1936. Tragically, the stress of wartime production and his complex family life took a toll on his health, leading to his death from stomach cancer at the age of 49 in 1943.
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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