832

International Mercantile Marine Co., 1902 Specimen Bond, Builder & Owner of the Titanic.

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:475.00 USD Estimated At:600.00 - 900.00 USD
International Mercantile Marine Co., 1902 Specimen Bond, Builder & Owner of the Titanic.
PLEASE CONTACT US TO REGISTER FOR LIVE BIDDING OR ABSENTEE BIDDING AT:

PH: 1-201-944-4800
FAX: 1-201-871-4345
Web: www.archivesinternational.com
Email: info@archivesinternational.com

Snail Mail: Archives International Auctions
1580 Lemoine Ave., Suite 7, Fort Lee, NJ 07670

The auction will take place on Wednesday, May 23rd, 2018 at AIA's office located at 1580 Lemoine Ave., Suite #7, Fort Lee, NJ 07024 beginning at 10:30 AM for both sessions.
New Jersey. $1000 4 1/2% Mortgage and Collateral Trust Gold Coupon Bond, Black print on brown border and under tint, Large ship docked at top, Specimen overprints and POC's, VF-XF condition, ABNC. J.P. Morgan & Co. announced the details of the trust's organization on October 1, 1902. Named the International Mercantile Marine Company, a reorganization and renaming of the International Navigation Company. The capital stock was increased from $15 million to $60 million preferred and $60 million common stock. It was holding company under which "subsidiary lines will be permitted full liberty in managing their own affairs". Winthrop L. Marvin wrote in 1902, "the greatest shipping enterprise which the world has ever known in the work of American capital."