Escanaba, Iron Mountain and Western Railroad Co. - 1890 dated $1,000 Railway Bond
Inv# RB5629 Bond
$1,000 5% Gold Bond printed by American Bank Note Co., NY. Two pages of coupons remain. Escanaba, commonly shortened to Esky, is a port city and the county seat of Delta County in the U.S. state of Michigan, located on Little Bay de Noc in the state's Upper Peninsula. The population was 12,450 at the 2020 census, making it the third-largest city in the Upper Peninsula after Marquette and Sault Ste. Marie. There is also Escanaba Township, which is north of the city and is not adjacent to it, although a portion of the urban area around the city extends into the township. Both are named for the Escanaba River, which flows into the Little Bay de Noc of Lake Michigan just north of the city. The names are derived from the Ojibwa language. Read more at https://en.wikipedia.org/wiki/Escanaba,_Michigan
Iron Mountain is a city and the county seat of Dickinson County, Michigan. The population was 7,518 at the 2020 census, down from 7,624 at the 2010 census. In the state's Upper Peninsula, Iron Mountain was named for the valuable iron ore found in the vicinity. Iron Mountain is the principal city of the Iron Mountain, MI–WI Micropolitan Statistical Area, which includes all of Dickinson County, Michigan and Florence County in Wisconsin. Read more at https://en.wikipedia.org/wiki/Iron_Mountain,_Michigan
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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