Burlington and Missouri River Railroad Co. - Iowa & Nebraska Railway Stock Certificate
Inv# RS4481 Stock
Nebraska
Stock printed by American Bank Note Co., Phila.
The Burlington and Missouri River Railroad (B&MR) or sometimes (B&M) was an American railroad company incorporated in Iowa in 1852, with headquarters in Omaha, Nebraska. It was developed to build a railroad across the state of Iowa and began operations in 1856. It was acquired by the Chicago, Burlington and Quincy Railroad in 1872, and kept serving as its subsidiary.
The Burlington and Missouri River Railroad was incorporated in Burlington, Iowa in 1852. It commenced operations on January 1, 1856 with only a few miles of track. In 1857 it connected to Ottumwa, followed by Murray in 1868. It finally reached the Missouri River in November 1859. It used wood-burning locomotives and wooden passenger cars.
After the Chicago, Burlington and Quincy Railroad (CB&Q) finished a bridge crossing the Mississippi River at Burlington, it connected to the Burlington and Missouri River Railroad. By 1868 the Burlington and Missouri River Railroad operated 13 locomotives and 429 cars, mostly freight, with net earnings of $299,850 in 1867. After the interest on loans, this meant a total net profit of $6,749. Read more at https://en.wikipedia.org/wiki/Burlington_and_Missouri_River_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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