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Judson Manufacturing Co. Bond, Mining Explosives 1887 [166955]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:10.00 USD Estimated At:150.00 - 200.00 USD
Judson Manufacturing Co. Bond, Mining Explosives  1887  [166955]
SOLD
65.00USD+ (16.25) buyer's premium + applicable fees & taxes.
This item SOLD at 2023 Nov 25 @ 09:45UTC-8 : PST/AKDT
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Pictorial $500 bond No. 309 issued in 1887 to Henry L. Dodge. Signed by Egbert Judson as President and the secretary (illegible). Beautiful bond with brown border and vignette of San Francisco Bay at sunset. Pen and stamp cancelled. Ten coupons present. Printed by Bosqui Eng. Co., SF. 16.5 x 13.75" Founded in 1882 with operations consisting of structural steel shops, machine shop, foundry, and more in Emeryville and Oakland. Judson was an inventor and manufacturer of explosives and involved in early explosives formation and testing in San Francisco in the 1860s. Judson received his patent for "Giant Powder, No.2" after Alfred Nobel patented dynamite in 1866. Judson assigned his patent to the Giant Powder Company. For certain purposes, such as railroad bank blasting, the early dynamites were too quick. A powder was needed that would give a heaving, rather than a shattering effect and would be free running as black powder, but also stronger. Judson was the first to patent and market such a powder, known as Judson powder or railroad powder. Judson was involved with the Giant Powder Company until 1890 and was a company director at the company's founding. Judson left the company in 1890 and formed the Judson Dynamite & Powder Company. Judson was also involved in mining operations such as the Alaska Treadwell Gold Mining Co. and the Anaconda Mining Company. Oakland California