E. Remington and Sons Co. $500 6% Bond signed by Eliphalet Remington III - Dated November 1888
Inv# GN1011A Bond
$500, 6% Bond signed by E. Remington III (Son of Eliphalet II). Great! Rare! Portrait and biography included. During this period, the Remingtons specialized almost exclusively in the manufacture of rifle barrels. These barrels, marked with the distinctive "REMINGTON" stamp near their breeches, were recognized for their quality and reasonable price. Many, if not most, of the independent gunsmiths in the Mohawk Valley purchased completed (but not rifled) barrels from Remington and assembled them into firearms custom ordered by their customers. As demand increased, the Remingtons added other parts to their inventory, first percussion locks made in Birmingham, England but marked with their stamp "REMINGTON", and later sets of brass gun furniture, including trigger guards, butt plates, and patch boxes. After 1846, first martial longarm and then revolver production dominated the company's workforce. Further research needed on Remington III.
Eliphalet Remington II (1793-1861) Designed the now-famous Remington rifle. He was born in 1793, to Father: Eliphalet Remington (b. 1768, d. 1828) and Mother: Elizabeth Kilbourn Remington (b. 1770, d. 1843). He was a blacksmith, and at 23, he hand-made a revolutionary sporting rifle using a firing mechanism bought from a dealer, producing the barrel himself. The gun received such an enthusiastic response that Remington decided to manufacture it in quantity, and formed the firm of E. Remington and Sons, which he headed until his death in 1861. By the mid-1800s the gun had become immensely popular with American sportsmen and was one of the standard guns used in what has been called "the winning of the West".
The company continued to grow and to develop its product and gradually began the manufacture of other sporting goods, such as bicycles. At the present time, the company is known as the Remington Arms Co., Inc. What began as a one-man enterprise has become one of the world's leading manufacturers of sporting arms. Before the Remington Company was formed, American sportsmen relied upon foreign sources for the majority of the sporting guns they used. The production of a rifle within the reach of men who wanted and needed a good gun changed the picture permanently.
Eliphalet and Elizabeth Remington's second child was a son, Eliphalet III, named for his father. As the couple's only son of their four children, Eliphalet III followed in his father's footsteps and enter the blacksmith trade at the family's rural forge in Herkimer County, New York.
Situated in the Mohawk River Valley—the eastern gateway to the expanding Northwest Territory and in the path of the still-to-be-constructed Erie Canal—the fieldstone Remington forge was astride a trade route that would bring prosperity to the family and the other inhabitants of the region. The expansion of population and wealth along that conduit of commerce would cause young Eliphalet Remington to enter the arms making business.
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.
Ebay ID: labarre_galleries