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Industrial Exhibition Co. of New York Bond

Inv# WF1032   Bond
Industrial Exhibition Co. of New York Bond
State(s): New York
Years: 1874
$20 Premium Bond of the Industrial Exhibition Company. The assurance of the Industrial Exhibition Company in stating that they will be happy to swindle citizens out of $20 each, is one of the best examples of cheek ever publicly offered to this community. Mayor Havemeyer, by prompt action saved our city a loss of $2,500,000 which was to be loaned to this company to build their "palace". The company's stock is worth the paper it is printed on.
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: $75.00