Description

    James Buchanan Duke - Piedmont and Northern Railway Company Bond (South Carolina)
    A $50,000 5% bond dated 1919 in orange and black issued to and signed by James Buchanan Duke as trustee for Doris Duke and signed by him on the verso as President of the Southern Investment Company. Duke was a tobacco industrialist who used the new medium of advertising to create a huge market share. He bought rival tobacco companies and merged them into the American Tobacco Company. In 1911 the United States Supreme Court ordered the American Tobacco Company to dissolve. The Southern Investment Company was a vehicle to skirt this decision. A Duke signature is rare on tobacco stocks. One punch hole cancellation, but the Duke signature is not affected by it. An important artifact of the tobacco industry in the United States.New.


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    Auction Dates
    August, 2003
    15th-30th Friday-Saturday
    Internet/Mail Bids: 2
    Lot Tracking Activity: N/A
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