E. Remington and Sons Co. $100 Bond signed by Eliphalet Remington III dated November 1, 1882
Inv# GN1011 Bond
$100, 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.
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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