Spencer Penrose (1865-1939). Penrose, a Colorado mine owner and promoter, held some of the most profitable Western mines and was immensely wealthy. He donated much of his earnings to charity.
Spencer Penrose Signs A Reduction And Refining Company Bond As Treasurer
1901, New Jersey. A $1,000 bond bearing 6% interest for thirty years. It is signed "Spencer Penrose" as Treasurer. Dark blue on white paper with a top center engraved vignette of a factory complex working in the mountain foothills. One complete sheet of coupons attached on another page. Stamp cancellation lightly affecting the signature and in extremely fine condition overall.