What was Prepaid Passage (PPD) and how did it work?
Prepaid Passage came about from the desire on the part of successful settlers, to help their less fortunate relatives to emigrate with their families. Local organizations were also formed which enabled the settler to give this sort of assistance to his friends, rather than his having to save enough money for the purpose. The railway companies and steamboat agents and the local bankers usually combined for procuring the prepaid tickets, taking in many instances chattel mortgages or other forms of security for the payment of the money.
