Skip to main content

Pullman Southern Car Co. signed by George M. Pullman as President - Autograph Railroad Car $500 Bond

Inv# AG1254   Bond
State(s): Kentucky
Years: 1876
George M. Pullman (1831-1897), $500 Bond of the Pullman Southern Car Co., Kentucky, signed at front by George M. Pullman as President. Nice large signature hardly affected by the tiny hole cancellation. One row of coupons each with a steam locomotive vignette. Includes a very nice portrait of Pullman. Excellent Condition. Scarce!

The Pullman Car Company, founded by George Pullman, was a manufacturer of railroad cars in the mid-to-late 19th century through the first half of the 20th century, during the boom of railroads in the United States. Through rapid late nineteenth century development of mass production, and takeover of rivals, the company developed a virtual monopoly on production and ownership of sleeper cars. At its peak in the early 20th century, its cars accommodated 26 million people a year, and it in effect operated "the largest hotel in the world". Its production workers initially lived in a planned worker community (or "company town") named Pullman, Chicago.

Pullman developed the sleeping car, which carried his name into the 1980s. Pullman did not just manufacture the cars, it also operated them on most of the railroads in the United States, paying railroad companies to couple the cars to trains; in return, by the mid-20th century, these railroads would own Pullman outright. The labor union associated with the company, the Brotherhood of Sleeping Car Porters, founded and organized by A. Philip Randolph, was one of the most powerful African-American political entities of the 20th century. The company also built thousands of streetcars and trolley buses for use in cities. Post World War II changes in automobile and airplane transport led to a steep decline in the company's fortunes. It folded in 1968, with a successor company continuing operations until 1981. Read more at https://en.wikipedia.org/wiki/Pullman_Company

George Mortimer Pullman (March 3, 1831 – October 19, 1897) was an American engineer and industrialist. He designed and manufactured the Pullman sleeping car and founded a company town, Pullman, for the workers who manufactured it. This ultimately led to the Pullman Strike due to the high rent prices charged for company housing and low wages paid by the Pullman Company. His Pullman Company also hired African-American men to staff the Pullman cars, known as Pullman porters, who provided elite service and were compensated only in tips. Read more at https://en.wikipedia.org/wiki/George_Pullman

Read More

Read Less

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: $449.00