The Providence Securities Company

Date

1910

Location

Providence, Rhode Island

Amount

$10,000

Signatures

  • Charles L. Livingston
  • James B. Brady
  • William S. Brayton

Description

This stock certificate (No. 1021) represents the amount of $10,000 for The Providence Securities Company. It is one of the most high-valued bonds in the collection.

Notable Bond Imagery

The upper middle shows a Roman deity sitting on a throne with a sword in hand surrounded by two men. The man on the left is holding a sickle and a sack of corn and apples, and the man on the right is holding a miniature train and a cog wheel. On the bottom left of the certificate are two seals; one states, “The Providence Securities Company” and the other states “The Hartford Railroad Company.”

Certificate with blue and black ink shows intricate bordering, lettering, seals, signatures, and vignettes of a Roman god and men
The back has various legal language including signatures and dates and is split into multiple sections with blue ink
Transcription
						The Providence Securities Company stock certificate  reads:
No 1021 | $10,000
State of Connecticut
The Providence Securities Company
Four Per Cent. Registered Gold Debenture
For value received, The Providence Securities Company, hereinafter called the promisor, acknowledges itself indebted to William S. Brayton, New York, N.Y. or registered assigns, in the sum of Ten Thousand Dollars ($10,000) and promises to pay said sum in gold coin of the United States of or equal to the present standard of weight and fineness, at the office of its Treasurer in the City of New Haven, State of Connecticut, on the first day of May, 1957, and to pay interest thereon from the first day of November 1910 until the maturity of this debenture, at the rate of four per centum per annum, such interest being payable semi-annually on the first days of November and May in each year at the said office of the Treasurer of the promisor, or, if so requested in writing by the payee, at the office of the Colonial Trust Company in the City of New York. Both the principal and interest of this debenture are payable without deduction for any taxes which the promisor may be required to pay or to retain or deduct therefrom under any present or future law of the united States or any state, county or municipality therein. This debenture is redeemable at the option of the promisor, its successors or assigns, on May 1, 1917, or on any interest due date thereafter at one hundred and five per centum and accrued interest, provided that notice of the election of said promisor to make such payment be given to the registered holder thereof by mailing such notice to his address as the same appears on the said books at least fifty-six days before the time designated for payment; and provided further, that there be deposited with the Second National Bank of New Haven, Connecticut, on or before the day in said noticed specified as the date for such payment cast to the amount of one hundred and five per centum of the principal hereof, together with the accrued interest thereon. The whole amount thus deposited for the redemption of this debenture shall be paid to the registered holder thereof, upon its delivery to said Second National Bank of New Haven duly transferred to the promisor. Notice being given and deposit made as herein provided, interest on this debenture shall cease on the date in such notice specified as the date for payment thereof, and the promisor shall be discharged from liability for the payment of further interest hereon. This debenture shall be transferable by the registered holder thereof in person or by attorney duly authorized on the books of the promisor, at the said office of its Treasurer. Upon surrender for cancellation of this debenture ten coupon debentures of the face value of $1,000. each, with coupons attached maturing on and after the then next ensuing interest due date of this debenture, will be issued for the same. This debenture shall not be valid until it shall have been authorized by the signature of the Second National Bank of New Haven. 
In Witness Whereof, The Providence Securities Company has caused its corporate seal and the signature of its President or a Vice-President and of its Treasurer or an Assistant Treasurer to be hereto offered this 18th day of Nov. 1910 at its office in the City of New Haven, Connecticut.
The bottom of this certificate is countersigned by Charles L. Livington, who is denoted as the Treasurer, and signed by James D. Brady, who is denoted as the President
On the bottom of the certificate, partially covering the signature of the countersigner, is a stamp in black ink that reads: a notice that reads:
	Surrendered Mar 11, 1914 Transferred and cancelled.

On the back side of The Providence Securities Company stock certificate, there are four columns. From top-to-bottom, the columns read:
	This debenture is issued in lieu of or exchange for coupon debentures bearing the serial numbers 19862 to 19871 inclusive and coupon debentures bearing the same serial numbers will be issued in exchange for this debenture upon surrender and cancellation hereof. Coupon debentures bearing said serial numbers are not contemporaneously issued and outstanding.
	For a Valuable Consideration _______________ do hereby sell, assign and transfer to Bearen or assigns the within debenture of the Providence Securities Company with all moneys due, or to become due thereon, and do hereby irrevocably authorize said company to transfer the title to the same, accordingly on its books 
in the presence of Rob Murefs       William S. Brayton. Dated March 10, 1914
*On the side of this document, in blue ink, are the letters aeaigiltings.
	This next column is in the form of a pamphlet, and from top-to-bottom reads:
	Number 1021. The Providence Securities Company. $10,000 per 4 cent. REGISTERED GOLD DEBENTURE. DUE MAY 1ST IN THE CITY OF NEW HAVEN, CONNECTICUT. OR THE CITY OF NEW YORK. Principal payable in the City of New Haven, Connecticut. Trustees certificate. This debenture is one of the series of debentures described in the within instrument the Second National Bank of New Haven.
*Following the previous text, this column then specifies the registrar as The Second National Bank of New Haven, and is then signed by (illegible), who is denoted as the cashier. 
	In case of any default in the punctual payment of the principal or of the interest of the within debenture, according to its tenor and effect. The New York, New Haven and Hartford Railroad Company, for value received, agrees to pay the same on demand. Dated New Haven, Connecticut, this 18th day of Nov A.D. 1910. 
	The New York, New Haven and Hartford Railroad Company,
Countersigned by the Treasurer (illegible)
Signed by the Vice President (illegible)
This stock certificate (No. 1021) represents the amount of $10,000 for The Providence Securities Company. 
					

Accession No:

2017.002.003