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United States Freehold Land and Emigration Co. - 1870 dated $100 Bond signed by General Ambrose E. Burnside

Inv# AG1326   Bond
United States Freehold Land and Emigration Co. - 1870 dated $100 Bond signed by General Ambrose E. Burnside
Years: 1870

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Union General Ambrose Burnside signs this 1870 bond of the United States Freehold Land and Emigration Co. Burnside was an important Union General in the Civil War and later became a U.S. Senator. Washington Revenue at front. Very Rare bond with a very interesting title worthy of further research.

Ambrose Everett Burnside (May 23, 1824 – September 13, 1881) was an American army officer and politician who became a senior Union general in the Civil War and three-time Governor of Rhode Island, as well as being a successful inventor and industrialist.

He was responsible for some of the earliest victories in the Eastern theater, but was then promoted above his abilities, and is mainly remembered for two disastrous defeats, at Fredericksburg and the Battle of the Crater (Petersburg). Although an inquiry cleared him of blame in the latter case, he never regained credibility as an army commander.

Burnside was a modest and unassuming individual, mindful of his limitations, who had been propelled to high command against his will. He could be described as a genuinely unlucky man, both in battle and in business, where he was robbed of the rights to a successful cavalry firearm that had been his own invention. His spectacular growth of whiskers became known as "sideburns", deriving from the two parts of his surname. Read more at https://en.wikipedia.org/wiki/Ambrose_Burnside

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: $875.00