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Auction: 23145 - Bonds and Share Certificates of the World - e-Auction
Lot: 241

(x) U.S.A.: Manhattan Beach Hotel and Land Company Limited, General Mortgage 50-Year 4% Gold Bond, $1000, 1890, unissued but probably kept as a specimen, view of hotel, green, with coupons, small cancellation holes. Incorporated 31st October 1890 as successor to the Manhattan Beach Improvement Company which was sold under foreclosure. Owned Manhattan Beach in Brooklyn and both the Manhattan Beach and Oriental Hotels plus a Pavillion, Firework enclosure and music amphitheatre. Receiver appointed for this company in 1906. The Hotel, built by Austin Corbin, was opened by Ulysses Grant in 1877. Torn down and replaced by housing in 1913..

Subject to 5% tax on Hammer Price in addition to 20% VAT on Buyer’s Premium.

Estimate

Starting price
£50