Archives International Auctions Sale 64 U.S., Chinese & Worldwide Scripophily; U.S. & World Coins; Medals January 27, 2021

Archives International Auctions - Sale 64 70 January 27,2021 Archives International Auctions www.archivesinternational.com Scripophily - Land & Real Estate Companies Colorado & New Mexico 383 383 United States Freehold Land and Emigration Co. 1870 Bond Signed by General Ambrose Burnside & Burnside Portrait Colorado & New Mexico. Lot of 2 pieces: $100 I/U 7% First Mortgage Gold Coupon Bond, Black text with pink border and undertint, Eagle at top center, Signed on back by Ambrose Burnside as Trustee; Also included is a portrait of Burnside depicted in an ornate frame, with his signature underneath, mounted on off-white paper. Ambrose Everett Burnside (May 23, 1824 – September 13, 1881) was an American soldier, railroad executive, inventor, industrialist, and politician from Rhode Island. He served as the Governor of Rhode Island from 1866 to 1869, and as a United States Senator for Rhode Island from 1875 until his death. As a Union Army general in the American Civil War of 1861-1865, he conducted successful campaigns in North Carolina and East Tennessee, as well as countering the raids of Confederate General John Hunt Morgan, but suffered disastrous defeats at the Battle of Fredericksburg and the Battle of the Crater. His distinctive style of facial hair became known as sideburns, derived from his last name. In 1871, he became the first president of the National Rifle Association, holding the office until 1872. The United States Freehold Land and Emigration Company was established in 1869 to promote and encourage emigration to and establish settlements on the 500,000 acre Costilla Estate in the San Luis Valley, in the Territories of Colorado and New Mexico. �������������������������������������������������������������������������������������������������������������������� Est. $350-500 Montana Territory 384 384 Great Falls Improvement Co. 1886 I/U Stock Certificate with Low S/N #5 Montana Territory, 1886. 1 Share I/U Capital Stock Certificate #5, Black text with black border, green underprint Great Falls of the Missouri River at center. Fine-VF condition. ���������������������������������������������������������������������������������������������������������������� Est. $110-160 New York 385 385 Astoria Homestead Co., Long Island City, NY, 1893 Specimen Bond, Historic Bond Issue by the Steinway Family of Piano Fame. Long Island City, New York, 1893. $1000 Specimen 6% First Mortgage Gold Coupon Bond, Black text with brown border and undertint, Illustration of a house with stone wall at top center. Red specimen overprints, 000 serial numbers, and POCs. Fine condition with archival reinforcements, ABNC. With William Steinway as its principal shareholder and incorporated in New York State in January 1889, the Astoria Homestead Company, initially capitalized at $250,000, had as its stated purpose “the purchase of vacant and improved real estate, the erection, sale, renting and leasing of buildings and building sites for the purpose of residence, manufacturing, stores, etc.” (notes from the 1889-02-02 meeting). Much of the land purchased by the company was located near the Steinway (Piano) factory (which was established in Astoria beginning in 1873) and in or near the company town called Steinway Village in Long Island City in Queens. William Steinway had long combined investment in real estate and other things with charitable works using the assets of Steinway & Sons. Establishment of the Astoria Homestead Company allowed a separate corporation to attend to these land matters (Steinway still used assets of Steinway & Sons to finance this company). William believed that this vacant and neglected land would soon be more accessible to New York City via new bridges or tunnels projected to be built in the future, and therefore he felt that such land was a good investment opportunity. When established in 1889, the Astoria Homestead Company had authorized capital of $250,000, of which half was paid in at the start with the remainder being paid in 1890. The company opened bank accounts with Queens County Bank in Long Island City and with Union Square Bank in New York City. In 1893 the capital of the company was increased to $500,000 which this bond was representative of. Henry Zeigler and Charles W. Steinway are the issuers for the Astoria Homestead Company. Historic New York City and Steinway Piano connection important to the development of Long Island City and Queens New York. �������� Est. $450-750