669

The Crown Savings and Loan Company

Currency:CAD Category:Coins & Paper Money Start Price:80.00 CAD Estimated At:150.00 - 175.00 CAD
The Crown Savings and Loan Company
SOLD
80.00CAD+ (16.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2020 May 01 @ 19:28UTC-4 : AST/EDT

Buyer’s Premiums will be added on all items as per the Terms & Conditions of the sale. Invoices will be emailed out after all sessions of the Spring Sale have concluded.

Petrolia, Land Mortgage Debenture, 1927. This $1,500 5% debenture was redeemed on Aug. 18 1930, as indicated by three purple "Paid" stamps. It is printed in black with a red corporate seal. The company was opened in 1882 by John Henry Fairbank (of the local Vaughn & Fairbank private bank, established 1869). Fairbank remained President of Crown Savings and Loan for the next thirty years. It mainly provided mortgage loans to local farmers. Condition is VF with considerable paper toning. Evidence remains of a stub having been pasted at the left edge, there are a few pin holes, and the bottom margin has been reduced because of severing the interest coupons.