New York Central Railroad Company signed by Harold Stirling Vanderbilt - $50,000 - Bond
Inv# AG1061 Bond
State(s):
New York
Years:
1916

Harold S. Vanderbilt (1884-1970), Executive in the management of the New York Central lines. In World War I, he was a lieutenant in the U.S. Naval Reserve. He was very successful in yachting, skipper of the American yacht in three international cup contests, he sailed the “Enterprise” in 1930 to beat Sir Thomas Lipton’s Shamrock V, sailed the “Rainbow” in 1934 to beat T. O. M. Sopwith’s Endeavour II, and the “Ranger” in 1937 to beat T. O. M. Sopwith’s Endeavour II. This very high denomination $50,000 bond of the New York Central dated 1916 is issued to Harold S. and has a nice uncancelled signature at back. Gorgeous graphics, beautiful purple color by American Bank Note Co.-NY. Very Rare! Excellent Condition.
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.