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Beautifully engraved Certificate from the Boston, Hartford & Erie
Railroad Company and issued in 1867. This is a Railroad Bearer Bond,
meaning whoever had the bond with its coupons could turn them in for the
Interest at the appropriate due Date. In this case it is a 7% $1000 Bond
with payments due bi-annually on Jan 1st and July 1st @ $35 per date.
The first five coupons have been "clipped" and cashed. This is where the
expression "sitting home and clipping coupons" came from. A rather more
lucrative pastime than today's "coupon" clippings! This historic
document was printed by the National Banknote Company of New York and
has an ornate border around it with a vignette of an early large stacked
train passing a station blowing large clouds of smoke. There is another
vignette on the lower center with an image of Columbia with an eagle on
her shoulder, with a small train curving behind her in the distance.
Each coupon also contains an attractive small vignette of a train
This item is hand signed by its President (John S. Eldridge), Secretary
(J. N. Otis) and Trustee (Dudley S. Gregory). This excellent certificate
is 140 years old. There are also 3 orange Tax
Revenue Stamps imprinted on its face and 60 unused individually numbered interest coupons
attached to the bottom, each with a printed train vignette. John S.
Eldridge was president of the Erie Railroad from October 1867 to July
1868 and was replaced by the Robber Baron Jay Gould in July 1868. This
Bond was redeemed early in exchange for Ten Shares of the New York & New
England Railroad Company.
REVENUE STAMPED PAPER
These revenue stamps were printed directly on to the
paper of many financial documents (checks, drafts, stock certificates,
insurance polices and bonds) in the primary period of July 1865 through
October of 1872. This Bond has two 5¢ orange Lincoln Type P
(Scott#RN-P5) stamps imprinted by typography on to the certificate paper
prior to its engraved printing. It also has an orange $1 Washington Type
W (Scott#RN-W2) stamp. |