James N. Hill - Northern Pacific Railway Company $1,000 Gold Bond signed by James Norman Hill, son of Legendary Railroad Tycoon James Jerome HillInv# AG1020
James Norman Hill (1870-1932), Railway Official, first son of James Jerome Hill, famous railroad builder and President of the Great Northern Railway. Known as the "Empire Builder" James N., a Yale graduate in 1893, began his railway career as a clerk. In 1907 he was Vice President of the Northern Pacific Railroad. Also President of United Securities Corporation and trustee of Great Northern Iron Ore Properties. This 1896, 4% $1,000 Gold Bond of NY is signed by James N. Hill as President and is lightly hole cancelled. Printed by American Banknote Co., NY. Rare! Stocks signed by Hill's father James J. Hill can sell for as much as $10,000! This bond is exceptional and so rich in history.
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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