John Jacob Astor - Morris & Essex Railroad - BondInv# AG1124
John Jacob Astor (1822-1890) Capitalist, Grandson of John Jacob Astor (1763-1848), son of William Backhouse Astor. This important John Jacob administered the family estate and expanded the facilities of the Astor Library. He signs for his father Wm. B. Astor on an 1869 Receipt Sheet of many $1,000 Convertible Bonds of the Morris & Essex Railroad. Signed by John Jacob Astor. Especially nice signature. Includes a nice portrait of Wm. B. Astor. Excellent Condition. Extremely Rare!
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.