Stauffer Chemical Co. - 1974 dated $500 Bond - Incorporated by John Stauffer Sr.
Inv# GB5729 Bond
$500 4 1/2% Bond printed by American Bank Note Company. Incorporated in 1953. Great cherry red color! Stauffer Chemical Company was an American chemical company which manufactured herbicides and pesticides for various agricultural crops. It was acquired by Imperial Chemical Industries from Chesebrough-Pond's Inc. in 1987. In 1987, Stauffer's head office was in Westport, Connecticut. Late that year, Imperial sold Stauffer's basic chemicals business to Rhône-Poulenc S.A.
The company was founded in 1885 in San Francisco as a partnership between two young Europeans; a German, John Stauffer Sr., and a Frenchman, Christian de Guigne. Ships exporting wheat to Europe used stone from the chalk cliffs of Dover as ballast. This discarded ballast became the inexpensive raw material for precipitated calcium carbonate the newly formed company. The company was incorporated by John Stauffer Sr., who died on March 4, 1940, at the age of 78. Read more at https://en.wikipedia.org/wiki/Stauffer_Chemical
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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