Cincinnati, Sandusky and Cleveland Railroad Co. - 1870-71 dated Railway Transfer Receipt
Inv# RS5158 StockTransfer Receipt. Some with revenue stamps. This railroad operated from 1868 to 1938 then became part of the Cleveland, Cincinnati, Chicago and St. Louis Railway, which was often referred to as the Big Four Railroad and abbreviated as CCC&StL, was a significant railroad company operating in the Midwestern region of the United States. It was affiliated with the New York Central system and primarily served routes in Illinois, Indiana, Michigan, and Ohio. By the end of 1925, the company reported a total of 2,391 route-miles and 4,608 track-miles, having transported 8,180 million net ton-miles of revenue freight and 488 million passenger-miles during that year. The establishment of the railroad occurred on June 30, 1889, through the merger of three railroads: the Cleveland, Columbus, Cincinnati and Indianapolis Railway, the Cincinnati, Indianapolis, St. Louis and Chicago Railway, and the Indianapolis and St. Louis Railway. In the subsequent year, the company expanded its reach by acquiring control of the former Indiana, Bloomington and Western Railway, facilitated by the foreclosure of the Ohio, Indiana and Western Railway and an operating agreement with the Peoria and Eastern 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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