Frederick W. Vanderbilt - State of New York World War I Bonus Bond (Uncanceled)Inv# AG1058
Frederick W. Vanderbilt (1856-1938), Capitalist, Son of Wm. H. Vanderbilt. Obtained business training in offices of his father’s railroad system. Owned a great Steam Yacht “The Warrior”. Exceptional estate at Hyde Park on the Hudson. Director of many railroads and other corporations. Along with his brothers Cornelius and William K, he kept the New York Central System strong. This Historic $10,000 bond is made out to “Reginald C. Vanderbilt, Frederick W. Vanderbilt, Henry B. Anderson, Frederick L. Merriam, Executors of the will of Alfred G. Vanderbilt, Deceased”. Interesting to note that Alfred G. died in the Sinking of the Lusitania. Frederick W. signs the transfer document along with others as Executors of the will. His signature is bold and uncanceled. This 1920’s bond is dealing with the funds to be used for a World War I New York State Bonus for Veterans. Excellent Condition.
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.