{"product_id":"brooklyn-union-gas-company-bond-from-1976-niw-nationalgrid-keyspan","title":"Brooklyn Union Gas Company Bond from 1976 now NationalGrid (Keyspan)","description":"\u003cp\u003eThis is an original First Mortgage Bond from The Brooklyn Union Gas Company, dated 1976, printed in blue and yellow. Features a vignette of three allegorical figures representing industry and commerce.\u003c\/p\u003e\n\u003cp\u003eCancelled with multiple punch holes across the face, indicating it was redeemed. Partial coupons remain attached. Shows some age toning consistent with its years. Offered as a collectible.\u003c\/p\u003e\n\u003cp\u003eBy 1976, The Brooklyn Union Gas Company stood as Brooklyn's lifeline utility amid New York City's near-bankruptcy crisis, \u003cstrong\u003eserving over one million customers\u003c\/strong\u003e from Red Hook's industrial waterfront to Canarsie's growing residential blocks. Founded in 1895 through the merger of thirteen smaller gas companies, Brooklyn Union had weathered the Great Depression, two world wars, and massive demographic shifts to become one of the city's most essential services. The company's network of underground mains snaked beneath every Brooklyn neighborhood, from the brownstones of Park Slope to the new housing projects of East New York, delivering natural gas that heated homes and powered the borough's remaining manufacturing base. Through the tumultuous 1970s, Brooklyn Union modernized its infrastructure while maintaining service during the city's fiscal emergency.\u003c\/p\u003e\n\u003cp\u003eThis $1,000 bond represents the company's commitment to capital investment even during New York's darkest financial hour. Brooklyn Union would continue as an independent utility until 1998, when it merged with Long Island Lighting Company to form \u003cstrong\u003eKeySpan Corporation. \u003c\/strong\u003eIn February 2006,\u003cstrong\u003e National Grid USA\u003c\/strong\u003e announced a $7.3 billion deal to acquire KeySpan, pending regulatory and shareholder approval. National Grid plc confirmed the acquisition's completion in 2007.\u003c\/p\u003e\n\u003cp\u003eUtility bonds from the 1970s capture a critical moment when established companies maintained essential services through urban fiscal crisis, making them particularly sought after by collectors of New York financial history.\u003c\/p\u003e","brand":"Ticker History","offers":[{"title":"Blue","offer_id":52563663061279,"sku":"UTIL-BUG-BI-BLU-1976-001","price":39.99,"currency_code":"USD","in_stock":true},{"title":"Yellow","offer_id":52563663094047,"sku":"UTIL-BUG-BI-BLU-1976-002","price":39.99,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0836\/8757\/1743\/files\/the-brooklyn-union-gas-company-bond-1976-close-up-2.jpg?v=1779159044","url":"https:\/\/shop.tickerhistory.com\/zh\/products\/brooklyn-union-gas-company-bond-from-1976-niw-nationalgrid-keyspan","provider":"Ticker History","version":"1.0","type":"link"}