[Chicago], Illinois: The Woman's Land Syndicate / Mrs. R.A. Emmons, 1892-3.
Unbound. Partially printed bond certificate with central portrait photograph of Mrs. R.A. Emmons. Measuring 12" x 8.5". Two vertical folds as mailed, very small nicks and tears at the extremities, overall very good. Bond number 7 (of 50). Signed by Emmons, conveying $60 in shares to Mrs. J.E. Humphrey. [With]: original illustrated envelope cover illustrated with an image of a valkyrie with the printed motto "I Will." Light wear from mailing, very good or better. The bond is dated 1893; the envelope 1892, and they are addressed to different women. It seems they are not directly connected, but that's how they came to us.
The Woman's Land Syndicate was formed in 1892 by Mrs. R.A. Emmons who served as its business manager. The Syndicate bought $500,000 worth of lots in South Waukegan, an industrial development where the sale and distribution of liquor was prohibited. Bonds were issued, and investors shared in the profits from the sale of tracts. In addition to the temperance principles, key attractions of the syndicate were ample landscaping and green space. While the development suffered financially from the economic downturn of 1893, the Syndicate brought nationwide attention to real estate projects developed and managed by women. Uncommon documentation of a little-known real estate development scheme run by women.