1,680 Shares of Illinois Traction Co. - 1918 dated Stock Certificate
Inv# HD1054 Stock
Maine
1,680 shares Stock printed by British American Bank Note Co., Ottawa.
The Illinois Terminal Railroad Company (reporting mark ITC), known as the Illinois Traction System until 1937, was a heavy duty interurban electric railroad with extensive passenger and freight business in central and southern Illinois from 1896 to 1956. When Depression era Illinois Traction was in financial distress and had to reorganize, the Illinois Terminal name was adopted to reflect the line's primary money making role as a freight interchange link to major steam railroads at its terminal ends, Peoria, Danville, and St. Louis. Interurban passenger service slowly was reduced, ending in 1956. Freight operation continued but was hobbled by tight street running in some towns requiring very sharp radius turns. In 1956, ITC was absorbed by a consortium of connecting railroads. Read more at https://en.wikipedia.org/wiki/Illinois_Terminal_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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