Skip to Main Content Skip to Header Menu Skip to Main Menu Skip to Category Menu Skip to Footer

CORNELIUS VANDERBILT II - BOND SIGNED 03/01/1881 - HFSID 4057

CORNELIUS VANDERBILT II Cornelius Vanderbilt II signs a bond for $5,000. Bond signed: "C Vanderbilt, Vice" [President], 1p, 12¾x9. New York, 1881 March 10. First mortgage bond

Sale Price $850.00

Reg. $1,000.00

Condition: fine condition
Chat now or call 800-425-5379

CORNELIUS VANDERBILT II
Cornelius Vanderbilt II signs a bond for $5,000.
Bond signed: "C Vanderbilt, Vice" [President], 1p, 12¾x9. New York, 1881 March 10. First mortgage bond for The Michigan Central Railroad Company, $5,000 principal, due in 1931 at five percent interest, payable in March, June and September. Certificate No. 425, issued to "The Nat'l Bank of Commerce, N.Y.". "Secured by First Mortgage of the Detroit and Bay City Rail Road Co. Countersigned by the Asst. Treas. of the Michigan Central Railroad Company and the President of the Union Trust Company of New York as Trustee. Vanderbilt, the son of William Henry Vanderbilt, began his career in the family's railroad empire under the watchful eye of his grandfather and namesake "Commodore" Cornelius Vanderbilt. The "Commodore", who had begun purchasing railroad stock in 1862, was in control of an extensive system of New York railroads by 1877. In 1867, Cornelius II had started as Assistant Treasurer of the New York & Harlem Railroad. By 1880, he had risen to his father's former position as Vice President. After his father died in December 1885, Cornelius became Chairman of the Board of his father's corporations and took control of the family investments. He is also noted for his philanthropies, including an estimated $1.5 million to Yale University. Holes touch signatures. Lightly shaded at blank margins. Cancellation stamp at upper right. Overall, fine condition.

This website image may contain our company watermark. The actual item does not contain this watermark
See more listings from these signers
Make an offer today and get a quick response
Check your account for the status.

Following offer submission users will be contacted at their account email address within 48 hours. Our response will be to accept your offer, decline your offer or send you a final counteroffer. All offers can be viewed from within the "Document Offers" area of your HistoryForSale account. Please review the Make Offer Terms prior to making an offer.

If you have not received an offer acceptance or counter-offer email within 24-hours please check your spam/junk email folder.

 

World-Wide Shipping

Fast FedEx and USPS shipping

Authenticity Guarantee

COA with every purchase

All Questions Answered

Contact us day or night

Submit Offers

Get a quick response