1928 - ILSEDER HUTTE (ILSEDER STEEL...
1928 - ILSEDER HUTTE (ILSEDER STEEL...
1928 - ILSEDER HUTTE (ILSEDER STEEL...

1928 - ILSEDER HUTTE (ILSEDER STEEL CORPORATION) 6% GOLD BOND $1.000 - Scripopass (COA) included

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1928 - ILSEDER HUTTE (ILSEDER STEEL CORPORATION) 6% GOLD BOND $1.000

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INCLUDED OFFICIAL INTERNATIONAL 
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Description

Ilseder Hütte is an old iron factory in Ilsede (Peine district) in Lower Saxony, Germany.
Funded by the bank Ephraim Meyer & Sohn Carl Hostmann founded a steel industry based on alleged coal and mineral deposits in this area. Although not enough coal deposits were found, the company, called "Bergbau und Hüttengesellschaft zu Peine" was founded in 1853. This company ended up in insolvency during an economic crisis in 1858.

Under Fritz Hurtzig and Carl Haarmann on 6 September 1858 the "Aktiengesellschaft Ilseder Hütte" was taking over the business and in 1861 production began. Despite the unfavorable geographical situation of the site, the factory prospered and expanded its business rapidly.

In the era of the German Empire, the company became one of the main players in the German coal and steel industry. In 1872 a rolling mill was added and in 1879 a third blast furnace began to operate.

In 1928 the Alseder Hütte obtained a loan of 10 billion dollars from the National City Bank of New York.

In 1929 the opening of the Mittelland canal reduced transport costs.

World War II caused no damage and the company expanded until the economic crisis of the 1970s.
In 1970 the company merged with the state-owned Salzgitter AG. The extraction of the mineral ended in 1978 and in 1983 the last blast furnace was closed.

In 1989 the company became part of Preussag. Preussag stopped the remaining production parts such as the coking plant, the power plant and the by-products in 1995.

The area became an industrial park. The blowing engine building is in use for various events while the steam production building was demolished in the spring of 2010.

Product Details

Year of issue
1928
Nation of issue
Germania
Printer name

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