Choctaw, Oklahoma and Gulf Railroad Co. - 1899-1910 dated Railway Stock Certificate
Inv# RS1046 Stock
Railroad Stock. Vignette of miners at bottom center. Very attractive title and borders. Franklin-Lee Bank Note Co., NY. Scarce!!! Available in Red, Brown or Blue. Please specify color. Also available unissued at a lesser price. Please inquire if interested.
The Choctaw, Oklahoma and Gulf Railroad (CO&G), known informally as the "Choctaw Route," was an American railroad in the states of Arkansas and Oklahoma. The company, originally known as the Choctaw Coal and Railway Company, completed its main line between West Memphis, Arkansas and western Oklahoma by 1900. In 1901 the CO&G chartered a subsidiary company, the Choctaw, Oklahoma and Texas Railroad, to continue construction west into the Texas panhandle, and by 1902 the railroad had extended as far west as Amarillo.
Following the CO&G's construction from McAlester to Oklahoma City through the town of Shawnee in 1895, the Tecumseh Railway was incorporated under the laws of Oklahoma Territory on August 20, 1896. That same year, the Tecumseh built 5.2 miles of rail from a junction near Shawnee to Tecumseh, Oklahoma, which at that time was acting as the county seat. The Tecumseh Railway never had any other trackage, and on December 12, 1900, it was purchased by the CO&G. In 1902 the CO&G added 20.2 miles to the line, extending it from Tecumseh to Asher, which was a cotton producing area that also experienced a short-lived oil boom starting in the late 1920s. This route, served by faithful vintage locomotive Old Beck, was among the CO&G assets later acquired by the Rock Island; but, the whole line was abandoned February 10, 1942. Read more at https://en.wikipedia.org/wiki/Choctaw,_Oklahoma_and_Gulf_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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