Chicago and Eastern Illinois Railway Co. - Unissued Railroad Stock Certificate
Inv# RS5533 Stock
Unissued Scrip Certificate for Preferred Stock printed by American Bank Note Company. Please specify color.
The Chicago and Eastern Illinois Railroad (reporting mark CEI) was a Class I railroad that linked Chicago to southern Illinois, St. Louis, and Evansville. Founded in 1877, it grew aggressively and stayed relatively strong throughout the Great Depression and two World Wars before finally being purchased by the Missouri Pacific Railroad (MP or MoPac) and the Louisville and Nashville Railroad (L&N). Missouri Pacific merged with the C&EI corporate entity in 1976, and was later acquired itself by the Union Pacific 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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