BOND FOR LAND DEVELOPMENT IN TERRITORIES OF COLORADO AND NEW MEXICO: United States Freehold Land and Emigration Company First Mortgage Bond
New York: The Major and Knapp Engineering, Manufacturing and Litho Co., July 8, 1870. Engraved and printed in black and red on thin cream stock (14 ¾” x 15 ½”), this is bond number 3196, signed. $100, seven percent bond issued to William Gilpin or the bearer by the United States Freehold Land and Emigration Company, established in 1869 to promote and encourage migration to and establish settlements on the 500,000-acre Costilla Estate in the San Luis Valley, in the Territories of Colorado and New Mexico. Gilpin (1813-94) was appointed in 1861 by President Abraham Lincoln the first governor of the Colorado Territory and was involved in numerous land development schemes.
The total issue of this bond was $100, and the bonds’ mature date was January 1895. Includes 42 coupons valued at $3.50 each. Item #79678
Price: $350.00