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Maryland Freestone Mining & Manufacturing Co. Bond (107802)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:75.00 USD Estimated At:150.00 - 300.00 USD
Maryland Freestone Mining & Manufacturing Co. Bond  (107802)
SOLD
75.00USD+ (18.75) buyer's premium + applicable fees & taxes.
This item SOLD at 2020 Mar 02 @ 16:10UTC-8 : PST/AKDT
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$500 bond No. 184 issued in January 1870. Signed by president John Kidwell and treasurer Hayden. Not cancelled. Black border and print, nice mining vignette. 23 coupons attached. Folds with one separation. Overall fine condition. 19 x 13.5" The Maryland Freestone, Mining and Manufacturing Company, commonly called the Seneca Sandstone Company, was a promising enterprise incorporated in 1867 with such men as General Grant, Secretary Seward, and Caleb Cushing as stockholders. In 1868 Cooke and Huntington of the First National Bank, who were trustees of the Freedmen's Bank, got control, over-capitalized the stock, declared a stock dividend to the original incorporators, and issued a lot of first and second mortgage bonds, which were placed on sale, and speculation began.

Provenance:
Country (if not USA):
State: Maryland
City/County: Seneca
Date: 1870