
This is a Michigan Central Collateral 3 ½ % Registered Gold Bond and measures approximately 13 1/4" x 9 1/2". Issued to Paine, Webber & Co. Boston, Massachusetts, an important American brokerage firm that would later become part of UBS, this piece represents institutional investment during the height of America's railroad and industrial expansion. The certificate features a beautifully engraved vignette depicting a steam locomotive alongside a harbor scene with sailing vessels and industrial buildings - a classic early 20th-century engraving celebrating rail and maritime commerce.
Company: New York Central & Hudson River Railroad Co. Issue Date: December 2, 1912. Type: Registered Gold Bond (Michigan Central Collateral). Issued to: Paine, Webber & Co. 13 1/4" x 9 1/2".
Punch cancellation holes consistent with redeemed bond. Overall very good antique condition for age. Visible center fold from original issue and storage, light edge wear, and cancellation punch holes.
Strong graphics and excellent display appeal. This piece represents a fascinating intersection of early Wall Street finance and the golden age of American railroads. Ideal for collectors of railroadiana, financial history, industrial Americana, or framed display in an office or study.