Elk Horn Coal Corporation - $1,000 6-Year 7% Debenture Bond
Inv# MB5083 Bond
$1,000 7% Bond printed by Republic Bank Note Company, Pittsburgh, PA. Clarence Wayland Watson (May 8, 1864 – May 24, 1940) was a coal mining "baron" from West Virginia. Watson organized several coal companies that became the Consolidation Coal and Mining Companies in West Virginia, Maryland, Pennsylvania, and Kentucky. Watson was president of the company until 1911, then became its chairman. Later in life, he became President of Elk Horn Coal Company and served as trustee of various corporations, railroads, and banks across the United States. He died in Cincinnati, Ohio, while tending to Elk Horn Coal Company business, and is buried at Woodlawn Cemetery in Fairmont. Read more at https://en.wikipedia.org/wiki/Clarence_W._Watson
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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