State of Georgia - Fulton County - $50 Bond
Inv# RB7219 Bond
$50 Bond printed by Franklin Printing House. Impressive red, green, and black!
Fulton County was created in 1853 from the western half of DeKalb County. It was named in honor of Hamilton Fulton, a railroad official who acted as surveyor for the Western and Atlantic Railroad and also as chief engineer of the state. After surveying the area that is now Fulton County, Fulton convinced state officials that a railroad, rather than a canal, should be constructed to connect Milledgeville, then the state capital, to Chattanooga, Tennessee. Building the railroad was a precursor of Fulton County's prominence as a major transportation center. Organized as settlement increased in the Piedmont section of upland Georgia, Fulton County grew rapidly after the American Civil War as Atlanta was rebuilt, becoming a center of railroad shipping, industry and business.
After the war, there was considerable violence against freedmen in the county. During the post-Reconstruction period, violence and the number of lynchings of blacks increased in the late 19th century, as whites exercised terrorism to re-establish and maintain white supremacy. Whites lynched 35 African Americans here from 1877 to 1950; According to the Georgia Lynching Project, 24 were killed in 1906. This was the highest total in the state. With a total of 589, Georgia was second to Mississippi in its total number of lynchings in this period.
In addition to individual lynchings, during the Atlanta Race Riot of 1906, whites killed at least 25 African Americans; the number may have been considerably higher. Two white persons died during the riot; one a woman who died of a heart attack. The violence affected black residential and business development in the city afterward. The Georgia legislature effectively completed disenfranchisement of African Americans in 1908 constitutional amendments that raised barriers to voter registration and voting, excluding them from the political system.
At the beginning of 1932, as an austerity measure to save money during the Great Depression, Fulton County annexed Milton County to the north and Campbell County to the southwest, to centralize administration. That resulted in the current long shape of the county along 80 miles (130 km) of the Chattahoochee River. On May 9 of that year, neighboring Cobb County ceded the city of Roswell and lands lying east of Willeo Creek to Fulton County so that it would be more contiguous with the lands ceded from Milton County.
In the second half of the 20th century, Atlanta and Fulton county became the location of numerous national and international headquarters for leading companies, attracting highly skilled employees from around the country. This led to the city and county becoming more cosmopolitan and diverse.
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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