There are a lot of fake bonds out there, but I can verify that these are real railroads who issued these bonds. The dates and amounts all match up.
- Fact 1: Bonds are sold by governments, banks, and other organizations to generate funds, which they then repay in the future.
- Fact 2: In the 1800s railroads were seen as a risky venture,causing banks to hesitate when loaning railroad operators money. Bonds became a preferred alternative.
- Fact 3: The average railroad bond is around $1000 bonds, with bonds before the 1800s generally being smaller and bonds after the 1800s generally being larger.
- Fact 4: The record for longest-term bond is held by Elmira and Willamsport Railroad's 1862 $500 bond, which had a term of 999 years until repayment.
- Fact 5: Prior to 1880, 95% of bonds were printed in horizontal format. After 1880, 89% were printed in vertical format.