North American Phonograph Co. Bond signed by 'Samuel Insull'.

Uncommon bond for the North American Phonograph company in 1888 North American Phonograph Company Debenture Bond Certificate' signed by 'Samuel Insull'.

The North American Phonograph Company was an early attempt to commercialize the maturing technologies of sound recording in the late 1880s and early 1890s. Though the company was largely unsuccessful in its goals due to legal, technical and financial problems, it set the stage for the modern recording industry in the mid 1890s. In 1892, North American was still struggling to pay its debts when a series of financial measures were taken. In June, the company issued bonds to ease the liquidity crisis. In July, Edison was named president of North American.

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