Edison United Phongraph Co. (Uncanceled) - $1,000 Bond
Inv# PH1000 Bond
$1,000, 4% Uncanceled Gold Bond printed by American Bank Note Co., New York, Litho. Rare!
This company was an attempt to reorganize the Edison United Phonograph Company which had been organized in New Jersey on February 24, 1890, to manufacture and market phonographs and graphophones outside of the United States and Canada. It had complex stock and contractual relations with Edison, the Edison Phonograph Works, and the International Graphophone Company. The company entered receivership in the spring of 1894; it was probably dissolved in 1902 and this financing appears to be an attempt to fund a reorganization of the company. It is signed by long time Edison associate Stephen F. Moriarty as vice-president.
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
Ebay ID: labarre_galleries