Issued to Sarah L. Winchester on Lake Shore & Michigan Southern Railway - 1924 dated Railroad $1,000 Bond - Wife of Winchester Repeating Arms FounderInv# AG2242 Bond
$1,000 3 1/2% Gold Bond issued to Sarah Lockwood Winchester, deceased. Printed by American Bank Note Company, New York. Extremely Important!
Sarah Lockwood Winchester (née Pardee; 1839 – September 5, 1922) was an American heiress who amassed great wealth after the death of her husband, William Wirt Winchester. Her inheritance from his estate included $20 million (equivalent to $529,862,069 in 2019) as well as a 50% holding in the Winchester Repeating Arms Company, which made her one of the wealthiest women in the world at the time. She is best known for using her vast fortune to continue construction on the Winchester mansion in San Jose, California, for 38 years. Popular legends, which began during her lifetime, held that she was convinced she was cursed, and the only way to alleviate it was to add on to her California home. Since her death, the sprawling Winchester Mystery House has become a popular tourist attraction, known for its staircases that lead to nowhere and its many winding corridors and doors leading to walls, or big falls. Read more at https://en.wikipedia.org/wiki/Sarah_Winchester
The Lake Shore and Michigan Southern Railway, established in 1833 and sometimes referred to as the Lake Shore, was a major part of the New York Central Railroad's Water Level Route from Buffalo, New York, to Chicago, Illinois, primarily along the south shore of Lake Erie (in New York, Pennsylvania and Ohio) and across northern Indiana. The line's trackage remains a major rail transportation corridor used by Amtrak passenger trains and several freight lines; in 1998, its ownership was split at Cleveland between CSX to the east and Norfolk Southern in the west. Read more at https://en.wikipedia.org/wiki/Lake_Shore_and_Michigan_Southern_Railway
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.