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Central Rail Road and Banking Co. of Georgia signed by Moses Taylor - Autograph Railway Bond

Inv# AG2071   Bond
Central Rail Road and Banking Co. of Georgia signed by Moses Taylor - Autograph Railway Bond
State(s): Georgia
Years: 1865

$1,000 7% Bond signed by Moses Taylor on back. Cancellation cut into signature. 50 cent revenue stamp. Corner cut.

Moses Taylor (January 11, 1806 – May 23, 1882) was a 19th-century New York merchant and banker and one of the wealthiest men of that century. At his death, his estate was reported to be worth $70 million, or about $1.9 billion in today's dollars. He controlled the National City Bank of New York (later to become Citibank), the Delaware, Lackawanna & Western railroad, and the Moses Taylor & Co. import business, and he held numerous other investments in railroads and industry. Taylor was born on January 11, 1806 to Jacob B. Taylor and Martha (née Brant) Taylor. His father was a close associate of John Jacob Astor and acted as his agent by purchasing New York real estate while concealing Astor's interest. Astor's relationship with the Taylor family provided Moses with an early advantage. At age 15, Moses Taylor began working at J. D. Brown shippers. He soon moved to a clerk's position in the firm of Gardiner Greene Howland and Samuel Howland's firm G. G. & S. Howland Company of New York, a shipping and import firm that traded with South America.

By 1832, at age 26, Moses had sufficient wealth to marry, leave the Howland company, and start his own business as a sugar broker. As such he dealt with slave-owning Cuban sugar growers, found buyers for their product, exchanged currency, and advised and assisted them with their investments. He nurtured relationships with those slave-owners, who relied on him for loans and investments to support their plantations. Taylor never visited Cuba, but his friendship with Henry Augustus Coit, a prominent trader who was fluent in Spanish, enabled him to trade with the Cuban growers. Taylor soon discovered that loans and investments provided returns that were as good as, or better than, those from the sugar business, although the sugar trade remained a core source of income. By the 1840s his income was largely from interest and investments. By 1847, Moses Taylor was listed as one of New York City's 25 millionaires. Read more at https://en.wikipedia.org/wiki/Moses_Taylor

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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: $110.00