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International Harvester Overseas Finance Company > 1980 00 bond certificate
$ 3.69
- Description
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Description
Old Stock Yard Collectible Stock and Bond CertificatesInternational Harvester Overseas Finance Company, N.V.
Original 12 3/4% bond certificate, due 1985
1980 -- Netherlands Antilles
Attractive certificate with nice vignette
The International Harvester Company (abbreviated first IHC and later IH) was a U.S. manufacturer of agricultural machinery, construction equipment, trucks, and household and commercial products. In 1902, J.P. Morgan merged the McCormick Harvesting Machine Company and Deering Harvester Company, along with three smaller agricultural equipment firms, to form International Harvester. In 1985, International Harvester sold off most of its agricultural division to Tenneco, Inc., who merged it into its subsidiary J.I. Case under the Case IH brand. Following the terms of IH's agreement with Tenneco, International Harvester renamed itself Navistar International Corporation in 1986.
The roots of International Harvester run to the 1830s, when Cyrus Hall McCormick, an inventor from Virginia, finalized his version of a horse-drawn reaper, which he field-demonstrated throughout 1831, and for which he received a patent in 1834. Together with his brother Leander J. McCormick (1819–1900), McCormick moved to Chicago in 1847 and started the McCormick Harvesting Machine Company. The McCormick reaper sold well, partially as a result of savvy and innovative business practices. Their products came onto the market just as the development of railroads offered wide distribution to distant market areas. He developed marketing and sales techniques, developing a vast network of trained salesmen able to demonstrate operation of the machines in the field.
(Wikipedia)
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