#4046. American Power & Construction (New York) 1902. $1000. First Mortgage Six Per Cent Gold Bond. SPECIMEN. Orange borders. Auxiliary steam yacht above; sailing yacht below. Homer Lee. 9” x 14.5”. EF. Some minor fold splits. Bank note company stamp on the back panel states “RETURN TO ISSUE ROOM / to be held for reference.”
This company was formed to purchase real estate and machinery to build yachts and steamboats in Brooklyn.