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Housing Authority of the City of Asbury Park - 1940 dated $1,000 Specimen Bond

Inv# SE2693A   Specimen Bond
State(s): New Jersey
Years: 1940
Color: Green and Black

$1,000 2.60% Specimen Bond printed by E.A. Wright Bank Note Company, Phila. A seaside community, Asbury Park is located on New Jersey's central coast. Developed in 1871 as a residential resort by New York brush manufacturer James A. Bradley, the city was named for Francis Asbury, the first American bishop of the Methodist Episcopal Church in the United States. The founding of Ocean Grove in 1869, a Methodist camp meeting to the south, encouraged the development of Asbury Park and led to its being a "dry town."

Bradley was active in the development of much of the city's infrastructure, and despite his preference for gas light, he allowed the Atlantic Coast Electric Company (precursor to today's Jersey Central Power & Light Co.) to offer electric service. Along the waterfront, Bradley installed the Asbury Park Boardwalk, an orchestra pavilion, public changing rooms, and a pier at the south end of that boardwalk. Such success attracted other businessmen. In 1888, Ernest Schnitzler built the Palace Merry-Go-Round on the southwest corner of Lake Avenue and Kingsley Street, the cornerstone of what would become the Palace Amusements complex; other attractions followed. During these early decades in Asbury Park, a number of grand hotels were built, including the Plaza Hotel. Read more at https://en.wikipedia.org/wiki/Asbury_Park,_New_Jersey

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Condition: Excellent

Stock and Bond Specimens are made and usually retained by a printer as a record of the contract with a client, generally with manuscript contract notes such as the quantity printed. Specimens are sometimes produced for use by the printing company's sales team as examples of the firms products. These are usually marked "Specimen" and have no serial numbers.

Item ordered may not be exact piece shown. All original and authentic.
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