Bank of National Economy
8% guaranteed gold municipal dollar bond 1926.
1,000 dollars, piece issued, after conversion 1938. - reducing the interest rate to 3%.
This is a bond of the second series of the so-called Ulen loan, provided by the American Ulen & Company. The second series loan was taken in July 1926 for 6 cities: Kielce, Sosnowiec, Dabrowa Gornicza, Otwock, Zgierz and Ostrow Wielkopolski. The amount of the loan was $2.75 million.
Today it is a very rare bond, we recommend it!