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

Currency:USD Category:Coins & Paper Money Start Price:325.00 USD Estimated At:400.00 - 800.00 USD
International Mercantile Marine Co., 1902 Specimen Bond, Builder & Owner of the Titanic.
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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." Rare Bond with only 2 found in the ABN archives.