1907, Utah. $500 bond bearing 6% interest. Rust/Black. Vignette at top center of a steam locomotive departing a station. Signed on verso as Trustee by Matthew S. Browning (1859-1923). Corporate official. Matthew, with his brother John (of rifle fame), formed the J.M. & M.S. Browning Co., branching out from gun-making to banking and stock raising. Matthew was responsible for much of the business and financial dealings while his brother was consumed with the technical aspects of the partnership. Trimmed close at right edge. Three horizontal folds, fine condition overall. Perf. cancellation not affecting Browning's signature.