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Denver, Colorado Real Estate Mortgage Coupon Bond - 1890 dated Uncanceled Bond

Inv# GB5239   Bond
State(s): Colorado
Years: 1890

$500 Uncanceled Bond. Printed by Gast. Coupons attached at right. Rare state for this type of bond. Denver is a consolidated city and county, the capital, and most populous city of the U.S. state of Colorado. Its population was 715,522 at the 2020 census, a 19.22% increase since 2010. It is the 19th-most populous city in the United States and the fifth most populous state capital. It is the principal city of the Denver–Aurora–Lakewood, the most populous metropolitan statistical area in Colorado and the first city of the Front Range Urban Corridor.

Although by the close of the 1860s Denver residents could look with pride at their success establishing a vibrant supply and service center, the decision to route the nation's first transcontinental railroad through Cheyenne City, rather than Denver, threatened the prosperity of the young town. The transcontinental railroad passed a daunting 100 miles (160 kilometers) away, but citizens mobilized to build a railroad to connect Denver to it. Spearheaded by visionary leaders, including Territorial Governor John Evans, David Moffat, and Walter Cheesman, fundraising began. Within three days, $300,000 had been raised, and citizens were optimistic. Fundraising stalled before enough was raised, forcing these visionary leaders to take control of the debt-ridden railroad. Despite challenges, on June 24, 1870, citizens cheered as the Denver Pacific completed the link to the transcontinental railroad, ushering in a new age of prosperity for Denver. Read more at https://en.wikipedia.org/wiki/Denver

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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: $135.00