In the 1898 War Revenue Law, bonds (the financial instrument version, as a opposed to insurance surety or guarantee bonds), were taxed at a rate of five cents per $100 of face value. Instruments like these were often sold at a face value of $1000, so that the usual tax on these bonds amounted to 50 cents. Two types of printed precancels are known on the 50 cent battleship: a Girard Trust Company cancel and a United New Jersey Railroad & Canal Company cancel. The GT Co. cancel is known on document; several canceled complete bonds for the Choctaw, Oklahoma & Gulf Railroad Car Trust are known. The United New Jersey RR&C Co and the Girard Trust cancels were almost certainly produced by the same company or person; they use what appears to be the same all caps typeface.
The United New Jersey Railroad & Canal Co cancel will feature in the next post.
The Girard Trust Co. canceled stamps were placed at the bottom center of the Choctaw, Oklahoma & Gulf bonds.
Bond 168 of 1750 issued; presumably there were at least 1750 of these precancels made:
Bond 180 of 1750 issued:
Bond front:
No comments:
Post a Comment