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Commercial Cable Co. 1897 Specimen Bond

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:140.00 USD Estimated At:230.00 - 375.00 USD
Commercial Cable Co. 1897 Specimen Bond
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The auction will take place on August 4, 2021 at AIA's office located at 1060 Main St., Suite #202, River Edge, NJ 07661 beginning at 11:00 AM
New York, 1897. $1000 Specimen 4% 500 Year Registered First Mortgage Gold Bond, Black text with brown border and underprint, View of North America with telegraph stretching across Atlantic to Europe at top center. Red specimen overprints, 00000 serial numbers, and POCs. VF condition, FBN. The Commercial Cable Company was founded in New York[1] in 1884 by John William Mackay and James Gordon Bennett, Jr. Their motivation was to break the then virtual monopoly of Jay Gould on transatlantic telegraphy and bring down prices (particularly for Bennett's newspaper empire). Their most famous ship was the CS Mackay-Bennett, named after the founders.