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Pikes Peak Cottage City Corporation - Bond

Inv# GB5328   Bond
Pikes Peak Cottage City Corporation - Bond
State(s): Colorado
Years: 1920

Unissued 7% Gold Bond printed by Goes.

In late 1919, the Colorado Springs Chamber of Commerce formed a committee to study the feasibility of establishing a tent city to accommodate auto tourists.  An initial proposal was abandoned because of costs and timing but the idea was soon picked up by a group of private investors.  In May of 1920 the eighty-four unit Pikes Peak Cottage City was opened on eight acres, one mile south of downtown.  Billed as the “twentieth century vacation resort”, Cottage City was one of the first endeavors in the region built specifically to accommodate the automobile tourist.

In 1929, the Pikes Peak Region Tourist Camp Association was formed representing forty-five establishments serving 5,000 guests annually. Pikes Peak Cottage City spreads over 12 acres of wooded grounds at the city line and is 13 block from the down-town shopping district.  A score of employees service the cottages and grounds.  The community building is a central structure, where ordinary needs of the traveler can be cared for: lounging room and porch with comfortable chairs and porch hammocks, cafeteria, dance hall, grocery stores, bake-shops, bath and shower rooms, barber shop, and marcelling shoppe, and what do you need?

One of the most unique cottage cities in Colorado is at Colorado Springs, where Pikes Peak Cottage City entertains over 55,000 guests each year in 150 well-furnished individual apartments.  Seventy-five of these camps are equipped with one double bed, on single cot., two tables, four chairs, a washbowl, and cooking utensils.  Forty of the other cabins are more pretentious and boast a gas plate and sink with running water.  The remainder are in the order of de luxe furnished rooms, living-room, bath, and kitchenette, which includes a cosy breakfast nook. (Compiled by Jack Bol)

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: $22.00