NJ. Chicago Pneumatic Tool Co, 1927 0 Specimen 5.5% Gold Coupon Bond, Fine-VF

Description

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Description
NJ. Chicago Pneumatic Tool Co, 1927 0 Specimen 5.5% Gold Coupon Bond, Fine-VF. Chicago Pneumatic is a brand name in the pneumatic tool industry with a history tracing back to 1901. John W. Duntley had in mind the idea of sourcing and selling construction tools "that weren’t yet available". He established the Chicago Pneumatic Tool Company, with an office in Chicago. The first plant to begin manufacturing product specifically for CP was the Boyer Machine Shop in St. Louis, Missouri. In 1901, Duntley met steel magnate Charles M. Schwab, who invested heavily in the company. On December 28, the company was incorporated and the first single-valve pneumatic hammer was patented.
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