| Type | Bond |
|---|---|
| Represented Quantity | 1 |
| Nominal | 500 US-$ |
| Coupon Rate | 6.5% |
| Place of Issue | New York, Cuba |
| Date of Issue | August 22, 1923 |
| Language | English, Spanish |
| Year of Acquisition | 2017 |
| Condition | F |
Description
Probably originally incorporated in New Jersey under the same name in 1901. The company operated the Narcisa mill in the Santa Clara province and was controlled by George Fowler, a British citizen living in the US and Cuba. Evidently the firm survived the travails of the sugar industry and continued to be owned by the same family until the assets were nationalized after the Cuban revolution and the mill may still be operating today.
It is yet unclear to me when the firm in Cuba was incorporated and whether it followed a model of a Cuban operating company with a US-entity as sole shareholder or whether the Cuban entity was the ultimate company controlled by the Fowler family. Farr's manual lists Cia. Agricola de Yaguajay as the owner of the Narcisa mill in 1938 but gives the ultimate ownership as British.
Quite typical design for this first mortgage gold bond. The vignette shows an American eagle. Stamped “Specimen” and punchholes. 00000-numbered. Text in English and Spanish.