LODZ. 5% Obligation von 1000 Rbls. red, black. No 238. Folds. Large format. Text in Russian, Polish and German. The company history goes back to 1858 when Szaja Rosenblatt, an industrialist of Jewish origin and born in Lodz, established a small cotton mill. After taking over the textile factory of the Brothers Trilling & Isidore Datiner, he established this family-owned company in the late 1880s. By 1892, the company owned a large industrial estate of 7,6 hectares located in the Lodz city center and had a workforce of some 2800 people. It became a joint-stock company in 1893. By 1905, the company capital was 1 million roubles, there were 56.000 spindles and an annual turnover of 4,5 million roubles. The company's products were generally cheap, rather poor quality cotton goods. As a matter of fact, the low quality was so well known that even today the first name of the founder, "siaja" is used locally as a colloquial synonym of poor quality stuff. Yet, the company was successful, and between 1914 and 1920, the dividend accumulated to 50%. After the death of its founder in 1921, the company was less well managed and it went bankrupt during the crisis of the 1930s. During the German occupation the remaining machinery was stolen and transported to Germany. The factory buildings were used as a storage place. After 1945, the estate was transferred to the Polytechnic School of Lodz which used it as their first campus. Up till today, some factory buildings have survived their rich history. Only this one bond is known to us, hence Rarity 12.
Startprice: € 2000