State of New York General State Improvements issued to George D. Widener - not signed - Died on the Titanic - 1948 dated $5,000 Bond
Inv# AG3002 Bond
$5,000 2 1/4% Bond issued to George D. Widener and Schofield Andrews Surviving Trustees under Will of Peter A.B. Widener. George D. Widener died on the Titanic! Not signed.
George Dunton Widener (June 16, 1861 – April 15, 1912) was an American businessman who died in the sinking of the RMS Titanic. Widener was born in Philadelphia on June 16, 1861. He was the eldest son of Hannah Josephine Dunton (1836–1896) & Peter Arrell Brown Widener (1834–1915), an extremely wealthy streetcar magnate.
He joined his father's business & eventually took over the running of the Philadelphia Traction Company, overseeing the development of cable & electric streetcar operations. He also served on the board of directors of several important area businesses, including Philadelphia Traction Co., Land Title Bank & Trust Co., Electric Storage Battery Co., & Portland Cement Co. A patron of the arts, Widener was a director of the Pennsylvania Academy of Fine Arts.
In 1912, Widener, his wife, & their son Harry traveled to Paris, France, w/ original intentions to find a chef for Widener's new Philadelphia hotel, The Ritz Carlton. The Wideners booked their return passage on RMS Titanic. After the ship struck an iceberg, Widener placed his wife & her maid Amalie Gieger in a lifeboat. The women were rescued by the steamship RMS Carpathia, but Widener & his son Harry & their valet Edwin Keeping perished on the Titanic. The bodies of the father & son, if recovered, were not identified.
Peter Arrell Browne Widener (November 13, 1834 – November 6, 1915) was an American businessman, art collector, and patriarch of the Widener family of Philadelphia, Pennsylvania. Widener was ranked #29 on the American Heritage list of the forty richest Americans in history, with a net worth at death of $23 billion to $25 billion (in 1998 dollars). The son of a Philadelphia butcher, Widener was born on November 13, 1834, to Johannes Widener and Sarah Fulmer. He was named after Peter Arrell Browne (1782–1860), a noted lawyer in 19th-century Philadelphia.
During the Civil War, Widener won a contract to supply mutton to all Union Army troops within 10 miles of Philadelphia. The city was a major transportation hub for troop deployment, and the location of many of the largest Union military hospitals. Widener invested his $50,000 profit in horse-drawn city streetcar lines. He grew to prominence in Philadelphia politics, and had become the City Treasurer by 1871. In 1883, he was a founding partner in the Philadelphia Traction Company, which electrified the city's trolley lines, and expanded into other major cities in the United States.
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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