Charleston, Cincinnati and Chicago Railroad Co. - Railway Stock Certificate
Inv# RS4010 Stock
Massachusetts
Ohio
South Carolina
Trust Certificate printed by American Bank Note Co., NY. Superb!
The Charleston, Cincinnati and Chicago Railroad, informally known as the Triple C, was a Southeastern railroad that operated in the late 19th century.
The company was formed in 1886 with the idea of extending a rail line from Charleston, South Carolina, to Ashland, Kentucky, in an effort to mine coal and iron ore found in the Appalachians. Construction began at Rutherfordton, North Carolina, with rails being laid both north and south.
In 1890, major investor Baker Brothers & Co. failed and a court-appointed receiver was ordered for the Charleston, Cincinnati and Chicago. Three years later, the line was sold to its bondholders and a new corporation was established: The Ohio River and Charleston Railway.
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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