Sheffield Coal and Iron Company $100 specimen bond 1909 (Alabama - New York) 

Rare specimen mining bond. Stunning mining vignette with miners underground. Unissued and not cancelled - marked specimen at the bottom. Dated 1909 in the print. Attached coupons punch cancelled and marked specimen. Horizontal folds from storage. Measures approximately 13.5 x 10 inches.   

Sheffield Coal and Iron Company evolved out of the Sheffield Land, Iron and Coal Company in 1899 during times of financial struggles. Financed and incorporated in New York.

The Sheffield Land, Iron and Coal Company was a major industrial and land speculation enterprise founded in 1883 by Montgomery banker Alfred Huger Moses. Its creation led directly to the founding and layout of the city of Sheffield, Alabama.

Founding & Speculation:
Alfred Moses and his brother Mordecai established the company on the banks of the Tennessee River. They aimed to build an industrial hub that would rival Birmingham, capitalizing on nearby coal and iron deposits.

City Development:
In May 1884, the company began selling town lots, initiating a massive land boom that established the streets, schools, and banks of modern Sheffield.

Industrial Expansion:
The company built the area's first iron blast furnaces, bringing massive mining expansions to neighboring cities like Russellville, Alabama.

Financial Struggles:
Over-speculation, severe competition, and a drastic drop in the market price of pig iron soon threw the business into serious financial distress.

Due to volatile economic conditions and nationwide depressions in the 1890s, the company and its local successors underwent numerous re-organizations and bankruptcies.

It evolved through iterations like the Sheffield and Birmingham Coal, Iron and Railroad Company and later the Sheffield Coal and Iron Company.

It was purchased later by the Sloss Steel and Iron Company, which changed its name to the Sloss-Sheffield Steel and Iron Company and operated the last furnace until 1934.

Product descriptions and images
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