Firestone Tire and Rubber Co. - 1970's dated $10,000 Automotive Bond
Inv# AB5027 Bond
$10,000 4 1/4% Bond printed by Columbian Bank Note Company.
Firestone Tire and Rubber Company, founded by Harvey Firestone in Akron, Ohio, in 1900, initially focused on manufacturing carriage tires. However, it quickly shifted to capitalize on the automobile industry, partnering with Henry Ford in 1906 to supply his vehicles. This relationship led to Firestone supplying the iconic Model T. Throughout the early 20th century, the company made groundbreaking innovations, including the first non-skid tread design in 1908 and the low-pressure balloon tire in 1922. Firestone also played a crucial role in American agriculture by introducing the first practical pneumatic tractor tire in the 1930s.
Today, Firestone operates as a prominent subsidiary of Bridgestone Corporation, which acquired it in 1988. Headquartered in Nashville, Tennessee, the brand maintains a strong presence in both consumer markets and professional motorsports. Firestone serves as the exclusive tire supplier for the IndyCar Series through at least the 2030 season. In 2026, the company will celebrate its 125th anniversary with a year-long series of events, including special activations at the Indianapolis 500. This milestone also marks the launch of new innovative tire solutions and mobile service programs like Firestone Direct, reflecting the brand’s adaptation to modern needs, such as electric and hybrid vehicle maintenance.
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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