City of Philadelphia - 10 Vignettes on One Bond dated 1860's - Gorgeous State of Pennsylvania Bond
Inv# GB5012A
Bond
$300 6% Bond printed by American Bank Note Company. 10 Engraved vignettes, red "Free From All Taxes" print and a blue 10 cents Washington revenue stamp. Paper tear at fold. Available $500 dated 1866 without revenue stamp and no tear for $150.
This elegantly engraved City of Philadelphia loan certificate, issued to Isabella Brown for $5,000 on April 3, 1863, during the Civil War, represents a significant municipal obligation of that era. With an interest rate of six percent per annum, payable semiannually in January and July, the certificate showcases the city’s financial commitments. It bears the signatures of the city controller and city treasurer and is prominently marked “TRANSFER FROM ALLEN’S.” Cancellation holes and several dated registration stamps document its subsequent transfer and administrative history. Near the upper left corner, a blue 10-cent United States internal-revenue stamp is affixed, featuring a manuscript cancellation.
The certificate is adorned with an ornate border and numerous intricately engraved vignettes that celebrate Philadelphia and American history. Independence Hall stands as the focal point in the upper center, flanked by scenes of commerce and transportation, including a locomotive and an industrial waterfront. Portraits of prominent American figures, such as George Washington, grace the sides, alongside images symbolizing labor, trade, and the city’s colonial heritage. Printed by the American Bank Note Company, this remarkable financial document seamlessly combines Civil War-era municipal history with exceptional engraving, making it a particularly captivating example of nineteenth-century American scripophily.
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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