City of Philadelphia $100 Bond - 1827 dated Pennsylvania Municipal Bond - Very Rare

$100 5% Bond. Rare! Early!

Philadelphia, founded in 1682 by William Penn in the English Crown Province of Pennsylvania, was situated between the Delaware and Schuylkill rivers. Prior to its establishment, the region was inhabited by the Lenape people. Philadelphia rapidly emerged as a prominent colonial city and played a pivotal role in the American Revolution, hosting the First and Second Continental Congresses. Following the Revolution, the city was designated as the temporary capital of the United States.
Although the federal and state governments relocated their presence to Washington, D.C., at the commencement of the 19th century, Philadelphia retained its status as the cultural and financial hub of the nation. Notably, it became one of the pioneering industrial centers in the United States, encompassing a diverse range of industries, with textiles being the most prominent.

Following the American Civil War, Philadelphia’s political landscape was dominated by a Republican political machine. By the early 20th century, the city was characterized as “corrupt and complacent.” Over time, various reform initiatives gradually transformed the city’s governance structure, with the most significant change occurring in 1950. This pivotal year witnessed the enactment of a new city charter that strengthened the authority of the mayor and weakened the influence of the Philadelphia City Council. Simultaneously, Philadelphia shifted its political support from the Republican Party to the Democratic Party, leading to the establishment of a robust Democratic organization.