$1,000 7% Issued Bond in 1866 with One Dollar revenue stam,p from Long Branch, New Jersey.
In 1866, Long Branch was emerging as the premier seaside resort destination for New York's wealthy elite, earning the nickname "America's Summer Capital." The Continental Hotel stood as one of the grandest establishments along the Jersey Shore, catering to affluent vacationers seeking respite from city life during the Gilded Age boom. Sprague & Stokes operated as real estate developers and hotel proprietors during this golden era of American resort culture, when railroad expansion made coastal destinations accessible to the growing upper class. Long Branch would soon become a presidential retreat, with seven U.S. presidents visiting the area, cementing its status as the nation's most fashionable summer colony. The company's bond financing helped fund the infrastructure that transformed this stretch of New Jersey coastline into a luxury destination rivaling Newport and Saratoga Springs.
Long Branch is a beachside city in Monmouth County, New Jersey, United States. As of the 2010 United States Census, the city's population was 30,719, reflecting a decline of 621 (-2.0%) from the 31,340 counted in the 2000 Census, which had in turn increased by 2,682 (+9.4%) from the 28,658 counted in the 1990 Census. As of the 2010 census, it was the 6th-most-populous municipality in Monmouth County and had the 71st-highest population of any municipality in New Jersey.
Long Branch was formed on April 11, 1867, as the Long Branch Commission, from portions of Ocean Township. Long Branch was incorporated as a city by an act of the New Jersey Legislature on April 8, 1903, based on the results of a referendum, replacing the Long Branch Commission.
