Desirable £100 bond of the Maryland & New York Iron & Coal Company issued April 1, 1840, 13 x 15.5, with 12 coupons intact below. Carrying a rate of 6%, the bond features an attractive allegorical vignette and two smaller industrial scenes. Signed in ink by the company's president and treasurer. In fine condition. Largely owned by English capital, the Maryland & New York Iron & Coal Company was founded in 1837 to manufacture and smelt iron out of local ores; it had the distinction of rolling the first iron rails in America.
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