City of Providence Bond - 1920's-50's dated State of Rhode Island and Providence Plantations
Inv# GB5015 Bond
Various Denominations and Various Loans Printed or Rubber Stamped. Vignette titled 'What Cheer' of Roger Williams in boat being greeted by Indians. Ornate. Horizontal format. Scarce!! Available in Brown, Green or Orange. Please specify color.
Providence serves as the capital and the most populous city of Rhode Island, and it ranks among the oldest cities in the United States. Established in 1636 by Roger Williams, a Reformed Baptist theologian and a religious exile from the Massachusetts Bay Colony, the city was named in recognition of "God's merciful Providence," which Williams believed had guided him and his followers to this sanctuary. The city is located at the confluence of the Providence River and Narragansett Bay.
As one of the earliest cities in the nation to undergo industrialization, Providence gained prominence for its textile manufacturing, followed by the development of machine tools, jewelry, and silverware industries. In contemporary times, Providence is home to eight hospitals and seven institutions of higher education, which have transitioned the city's economy towards service-oriented industries, although some manufacturing activities continue to persist.
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.
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