Skip to main content

Florida East Coast Railway Co. - 1910's dated $10,000 Bond signed by William Henry Beardsley - Private Secretary to Henry Flagler

Inv# AG2416B   Bond
State(s): Florida
Years: 1911 or 1912
Color: Brown

$10,000 4 1/2% Bond signed by Wm. H. Beardsley, private secretary to Henry M. Flagler. Printed by International Banknote Co., N.Y.

William Henry Beardsley (April 7, 1852 - December 13, 1925) served as the private secretary to Henry Flagler, the Chairman of the Florida East Coast Railway Company. Born on April 7, 1852, in Cleveland, Ohio, he was the son of I. L. Beardsley, a journalist originally from New York who relocated to Cleveland in 1838. I. L. Beardsley was instrumental in founding the "Plain Dealer" and later ventured into the wholesale grocery business. William completed his education in Cleveland, graduating from Central High School in 1869. He initially worked alongside his father in the grocery sector before moving to New York, where he was employed by the Standard Oil Company from 1880 to 1890. In 1890, H. M. Flagler, a co-founder of Standard Oil, appointed Mr. Beardsley as his financial representative. He subsequently took on the role of treasurer for the Florida & East Coast Railroad, the Florida East Coast Steamship Company, and all properties under Mr. Flagler's control. On February 26, 1874, Mr. Beardsley married Miss Lillian, the daughter of Marcus S. Sterling from Bridgeport, Connecticut, whose grandfather had once served as the mayor of the city. The couple had three children: Sterling S., Lillian, and William Jr. Mr. Beardsley was an active member of the Field and Marine Club, the Midwood Club, and the Ohio Society of New York, enjoying a prominent position in social circles and a distinguished reputation in financial matters. Following Henry Flagler's passing, William ascended to the presidency of the Florida East Coast Railway, succeeding Flagler, and also became a trustee of the Flagler estate. He later retired from the presidency but continued to serve as Chairman of the Board until his death on December 13, 1925. Mr. Beardsley was cremated, and his ashes were interred in the Beardsley Family Mausoleum at Woodlawn Cemetery in the Bronx, New York, alongside his wife, her family, and their children.

Henry Morrison Flagler (January 2, 1830 – May 20, 1913) was an influential American industrialist and one of the founders of Standard Oil, originally established in Ohio. He played a significant role in the development of Florida's Atlantic coast and was the founder of the Florida East Coast Railway. Additionally, he is recognized as a co-founder and substantial investor in the cities of Miami and Palm Beach, Florida.

Read More

Read Less

Condition: Excellent

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.
Price: $570.00