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Western North Carolina Rail Road Co. - Signed by Samuel McDowell Tate and Henry Clews - 1870 dated $100 Railway Bond

Inv# AG1878   Bond
Western North Carolina Rail Road Co. - Signed by Samuel McDowell Tate and Henry Clews - 1870 dated $100 Railway Bond
State(s): North Carolina
Years: 1870
Color: Brown and Black

$100 8% Bond printed by National Bank Note Co., New York. Samuel McDowell Tate signs as president and Henry Clews signs on back as trustee. Important! Rare! Mentions Salisbury, North Carolina.

Henry Clews (August 14, 1834 – January 31, 1923) was a British-American financier and author. During the Civil War his firm, later Henry Clews & Co., ranked second to Jay Cooke & Co. in amount of government bonds sold. Clews was born on August 14, 1834, in Staffordshire, England. He was the youngest of four sons born to Elizabeth "Bessie" (née Kendrick) Clews and James Clews, a prosperous manufacturer of Staffordshire ware. At age 14, while in training for the Anglican Church, Clews traveled to New York City, where he "began to perceive the possibilities that presented themselves to a young man." Shortly thereafter, Clews emigrated to the United States in 1853. His first job was at a pottery import business, working as a junior clerk for Wilson G. Hunt & Company. He organized the firm of Stout, Clews & Mason and eventually brought his brother James Clews over from England to help him manage a branch of the brokerage firm. In 1859, he co-founded Livermore, Clews, and Company, what was then the second largest marketer of federal bonds during the United States Civil War. Read more at https://en.wikipedia.org/wiki/Henry_Clews

Samuel McDowell Tate, (6 Sept. 1830–25 June 1897), merchant, soldier, railroad official, and legislator, was born in Morganton. Of French-Huguenot and Scots-Irish heritage, he was the eldest son of David, who for many years represented Burke County in both houses of the North Carolina General Assembly, and Susan Maria Tate.

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Condition: Excellent

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: $540.00