St. Louis, Indianapolis and Eastern Railroad - Circa 1890's Unissued Railway Stock Certificate - Gorgeous Eagle and Dog Vignette
Inv# RS2609 Stock
Missouri
Unissued Stock. Nice dog vignette at bottom by New York Bank Note Company. Quite Scarce! Operated from 1889 to 1899. Then became part of the Indiana and Western Railroad. That same year turned into the Illinois and Indiana Railroad. In 1906, turned into the Indianapolis Southern Railroad. In 1911, turned into the Illinois Central Railroad. The Illinois Central Railroad (reporting mark IC), sometimes called the Main Line of Mid-America, was a railroad in the Central United States, with its primary routes connecting Chicago, Illinois, with New Orleans, Louisiana, and Mobile, Alabama, and thus, the Great Lakes to the Gulf of Mexico. A line also connected Chicago west to Sioux City, Iowa (1870). There was a significant branch to Omaha, Nebraska (1899), west of Fort Dodge, Iowa, and another branch reaching Sioux Falls, South Dakota (1877), starting from Cherokee, Iowa. The IC also serviced Miami, Florida, on trackage owned by other railroads.
Beginning in 1850, IC was the first U.S. railroad in which construction was partially financed through a federal land grant - such financing became a key to building U.S. railroads in the 19th century. The Canadian National Railway acquired control of the IC in 1998, and merged its operations in 1999. The Illinois Central Railroad maintains its corporate existence as a non-operating subsidiary. Read more at https://en.wikipedia.org/wiki/Illinois_Central_Railroad
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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