Cincinnati and Springfield Railway Co. - 1872-1890 dated Railroad Stock Certificate
Inv# RS4077 Stock
Stock printed by Robt. Clarke & Co. None with revenue stamp any longer available. Rare! The Cleveland, Columbus, Cincinnati and Indianapolis Railway (CCC&I) was formed from the merger of the Cleveland, Columbus and Cincinnati Railroad (CC&C) with the Bellefontaine Railway in 1868. The Bellefontaine had been formed by a merger of the Bellefontaine and Indiana Railroad and the Indianapolis, Pittsburgh and Cleveland Railroad in 1864. Two key figures in its construction were Cyrus Ball and Albert S. White.
The predecessor railroads the CCC&I were:
- Cleveland, Columbus, Cincinnati and Indianapolis Railway
- Bellefontaine Railroad (1868)
- Bellefontaine and Indiana Railroad (1864)
- Indianapolis, Pittsburgh and Cleveland Railroad (1864)
- Indianapolis and Bellefontaine Railroad (1855)
- Cleveland, Columbus and Cincinnati Railroad (1868)
- Springfield, Mt. Vernon and Pittsburgh Railroad (1862)
- Bellefontaine Railroad (1868)
The CCC&I came into existence on May 16, 1868, as a merger of the Bellefontaine Railroad and the Cleveland, Columbus and Cincinnati Railroad. At its inception it had 83 locomotives, 47 of which came from the CC&C and 36 from the Bellefontaine. It immediately began to build its own locomotives at its shops in Cleveland and Galion, Ohio, but also continued to buy engines from outside vendors.
After its formation, the CCC&I sought to make a connection to Cincinnati. This connection had never been realized by its predecessor line, the Cleveland Columbus and Cincinnati Railroad, which ran trains only between Cleveland and Columbus, Ohio. In 1871, the CCC&I made agreements to operate the Cincinnati and Springfield Railroad and its 16 engines between Cincinnati and Dayton, Ohio. It also leased the Cincinnati, Sandusky and Cleveland Railroad between Dayton and Springfield, Ohio, finally providing a through route from Cleveland through Columbus to Cincinnati. Read more at https://en.wikipedia.org/wiki/Cleveland,_Columbus,_Cincinnati_and_Indianapolis_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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