Wilmington and Northern Railroad Co. $1,000 Gold Bond signed by Henry Algernon du PontInv# AG1021
Henry Algernon du Pont (1838-1926), Army Officer, U. S. Senator, Industrialist and partner in E. I. du Pont de Nemours & Co. He graduated West Point at the head of his class in 1861. In command of artillery, he served most commendably in many battles. He received the rank of lieutenant-colonel in 1864 and received the Congressional Medal of Honor for distinguished services and gallantry at Cedar Creek. Later he became President of the Wilmington and Northern Railroad. This 1892, $1,000 Bond of Pennsylvania is signed by DuPont at front as President. Extension Contract is attached.
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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