Pittsburgh Obispo Plantation Co. - $50 Bond - Rubber ProducerInv# GB5639 Bond
$50 2 3/4% Bond. Interesting vignette! Incorporated in New Jersey, 1902. This company produced Rubber in Mexican Plantations.
Rubber, also called India rubber, latex, Amazonian rubber, caucho, or caoutchouc, as initially produced, consists of polymers of the organic compound isoprene, with minor impurities of other organic compounds. Thailand, Malaysia, and Indonesia are three of the leading rubber producers.
Currently, rubber is harvested mainly in the form of the latex from the rubber tree (Hevea brasiliensis) or others. The latex is a sticky, milky and white colloid drawn off by making incisions in the bark and collecting the fluid in vessels in a process called "tapping". The latex then is refined into the rubber that is ready for commercial processing. In major areas, latex is allowed to coagulate in the collection cup. The coagulated lumps are collected and processed into dry forms for sale.
Natural rubber is used extensively in many applications and products, either alone or in combination with other materials. In most of its useful forms, it has a large stretch ratio and high resilience and also is water-proof.
Industrial demand for rubber-like materials began to outstrip natural rubber supplies by the end of the 19th century, leading to the synthesis of synthetic rubber in 1909 by chemical means.
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.