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AMF. American Machine & Foundry Co., 1957 Specimen Bond

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:75.00 USD Estimated At:120.00 - 220.00 USD
AMF. American Machine & Foundry Co., 1957 Specimen Bond
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NJ. American Machine & Foundry Co., $1,000 Specimen 5% Bond, Orange, XF, ABNC. The company was founded in 1900 by Rufus L. Patterson, inventor of the first automated cigarette manufacturing machine. Originally incorporated in New Jersey but operating in Brooklyn, the company began by manufacturing cigarette, baking, and stitching machines. AMF moved into the bowling business after World War II, when AMF automated bowling equipment and bowling centers became profitable business ventures. Bicycle production was added in 1950. The company was once a major manufacturer of products from tennis racquets to research reactors for the US' "Atoms for Peace" program.[4] AMF became a major part of what would soon be referred to by US President Dwight D. Eisenhower as "the military-industrial complex" after World War II.