Cornelius Vanderbilt - Michigan Central Railroad - BondInv# AG1059
Cornelius Vanderbilt (1843-1899), Railroad Financier, Philanthropist, Son of William H. Vanderbilt and Grandson of Commodore Cornelius Vanderbilt. He served as President of the New York and Harlem Railroad from 1886 until his death. He was a conscientious worker and a director of many corporations. Very attractive bond of the Michigan Central Railroad with lightly cancelled signature of Cornelius Vanderbilt and issued to his father William H. Vanderbilt. An impressive combination. Includes nice portraits of both Cornelius and William H. Excellent Condition. Quite Scarce! From the Syracuse University Collection.
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.