American Union Telephone Co. - 1906 dated $1,000 Uncanceled Gold Bond - Rare Topic for a Gold Bond
Inv# TT1026 Bond
Uncanceled $1,000 Gold Bond printed by Western Bank Note and Engraving Company Chicago. Superb! In Pennsylvania, Maryland, and West Virginia, several large independent regionals competed with the Bell system. The American Union Telephone Co., centered in Harrisburg, Pennsylvania, was formed in 1906 through the merger of twelve independent companies, including the competing exchanges in Harrisburg, Altoona, Lancaster, Williamsport, and Chester. The Keystone Telephone Co. owned exchanges in and around Philadelphia, including Trenton and Camden. The Consolidated Telephone Company covered the territory to the north and west of Philadelphia, operating exchanges and toll lines connecting Allentown, Scranton, Wilkes-Barre, and Reading. The Pittsburgh and Allegheny system connected independent exchanges in the western parts of the state. The National Telephone Co. owned exchanges in Wheeling, Steubenville, and other towns in West Virginia. Each of those systems were connected to each other through an organization known as the “Eastern Traffic Association,” a clearing house which accounted for and divided joint toll revenues and coordinated maintenance and operations. Read more at file:///Users/labarre1/Downloads/Mueller%20Chapter%209.pdf
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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