State of New York Canal Improvement Gold Bond | $218,000 | 1911

This State of New York Canal Improvement Bond was issued to the United States Mortgage and Trust Company for $218,000 in 1911. Interest and principle were payable in gold. Issued bythe Bureau of Canal Affairs Comptroller's Office in Albany New York. Hand signed by the comptroller and Cashier of the Manhattan Company (now JPMorgan). Stamped with State seal of New York.

Key Highlights

• Rarity: Scarce 1912 Canal Improvement Gold Bond (issued 1911)
• Face Value: $218,000
• Interest: 3%
• Signature: Hand-signed

Historical Context & Provenance

This bond represents the early 20th-century public works financing that supported canal infrastructure in New York. The State of New York Canal Department issued debt to fund improvements during a pivotal period of industrial expansion, contributing to the state’s transportation and commerce network.

Display & Collectibility

• Historically significant artifact linking public finance to 19th-century infrastructure
• Ideal for display in offices, libraries, or history-focused collections
• Engaging centerpiece for collectors of financial history and public works bonds

Specifications