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Prudence Bond and Mortgage Co. - 1929 dated Financial Stock Certificate

Inv# GS5972   Stock
State(s): Pennsylvania
Years: 1929
Color: Green, Red and Black

Stock printed by Goes. The Prudence Building, or Prudence Bonds Building, was a fourteen-story edifice at the southeast corner of Madison Avenue and 43rd Street, in Midtown Manhattan, New York City. It was the headquarters of the Prudence Bonds Corporation, opening in October 1923. Stores on the street level were leased to affluent shops. The banking floor was a close likeness of the Bankers Trust Company building at the southeast corner of Fifth Avenue and 42nd Street. The Bank of Manhattan was accorded a 21-year lease and moved its headquarters from 40 Wall Street. The building was demolished in 2016 and the site is now the location of One Vanderbilt.

The structure was built on a plot 66.8 by 100 feet (30 m). The building was entered from Madison Avenue via antique bronze doors. The entrance floor opened into a sixteen-foot-wide marble corridor with elevators leading to the upper floors. An imposing stairway of Italian Travertine marble, ten feet wide with ample landings, led directly to the banking floor. This area was eleven feet above street level. It was composed of marble with a twenty-foot ceiling of Roman architecture classic design. An artistic screen of marble and statuary bronze surrounded the banking space. Read more at https://en.wikipedia.org/wiki/Prudence_Building

Condition: Excellent

A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.

Item ordered may not be exact piece shown. All original and authentic.
OUT OF STOCK