-40%
MA. United Drug Co., 1924 0 Specimen 6% Gold Coupon Bond, VF ABN Brown

MA. United Drug Co., 1924 0 Specimen 6% Gold Coupon Bond, VF ABN Brown

$ 29.5

Availability: 100 in stock
  • Item must be returned within: 14 Days
  • Refund will be given as: Money back or replacement (buyer's choice)
  • All returns accepted: Returns Accepted
  • Restocking Fee: No
  • Return shipping will be paid by: Buyer

    Description

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    Description
    MA. United Drug Co., 1924 0 Specimen 6% Gold Coupon Bond, VF ABN Brown. Massachusetts. 20-Year 6% Gold Coupon Bond, Black print with brown border and undertint, 00000 serial numbers, Red specimen overprints, and POC's. In 1902, Louis K. Liggett persuaded 40 druggists to invest in a drug Co. that would manufacture and distribute products in franchised stores. In 1903, the United Drug Co. (UDC) began operations at 43 Leon Street, now known Meserve Hall at Northeastern University. The stores and products were known by the name "Rexall," for "king of all." By 1929, UDC had 21 manufacturing plants throughout the United States. It employed over 25,000 workers, supplied 10,000 Rexall Drug Stores, and operated a chain of over 500 Liggett Drug Stores in the United States. In 1944, Liggett stepped down. Justin Dart, the new president, renamed UDC the Rexall Drug Co. and moved the headquarters to Los Angeles. In the 1930s, UDC built six buildings on its Boston campus that housed its corporate offices and manufacturing and research facilities. Northeastern University purchased the buildings from United Realty in 1961.
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