Alfred G. Vanderbilt, William K. Vanderbilt, Jr. - Indiana Harbor Belt Railroad - BondInv# AG1062
Alfred G. Vanderbilt (1877-1915), Sportsman, Died in the Sinking of the Lusitania. William K. Vanderbilt, Jr. (1878-1944), Railroad Executive, entered service of the New York Central & Hudson River Railroad in 1903 and became vice-president in 1912. He was very active in the daily administration of the railroad. Quite seriously involved in sailing. This high denomination $5,000 Indiana Harbor Belt Railroad bond dated 1912 is issued to Alfred G. Vanderbilt. William K. Vanderbilt, Jr. signs at back as vice president of the Michigan Central Railroad. William K’s signature is barely cancelled and bold. This bond is Extremely Rare and in 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.