My Railroad Currency, and Scrip Collection

 

Welcome to my website dedicated to Railroad Currency, and Scrip. Few people realize that before the Federal Government started to print currency during the Civil War private issuers such as state chartered banks, insurance, mining companies and railroads issued their own bank notes. Railroads issue notes as well as stocks and bonds for their construction needs. Usually these notes were backed by the railroads real-estate or other assets. In 1866 Congress passed laws
 putting restriction and heavy taxation on private issued currency. Railroads got a round this limitation and issued what was known as fare tickets. These notes were good for passenger or freight usage. Although they were called tickets and not legal tender they did circulate as currency.