Richmond Standard Steel Spike and Iron Co. - 1899 dated $500 Steel and Iron Bond (Uncanceled)
Inv# GB5210 BondVirginia
Manchester Rolling Mill, Richmond Standard Steel, Spike, and Iron Company, Richmond. New York office, 20 Broad st. Works at Manchester, Chesterfield county, Virginia. Built in 1888-9 and put in operation in April, 1889; 1 double gas heating furnace, 2 forge fires, 3 automatic spike machines, 2 hand spike machines, and one 9-inch train of rolls; water-power; product, bar iron, used in the manufacture of railroad and boat spikes and harrow teeth; annual capacity, 7,200 gross tons. Fuel, bituminous coal. William L. Royall, President; Cor- bin Warwick, Vice-President and General Manager; Curtis Cauthorn, Secretary ; J. A. Simmons, Treasurer.
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.
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