Coeur D'Alene Railway & Navigation Co. - Unissued Idaho Railroad Stock Certificate
Inv# NP1015A Stock
Unissued Railroad Stock. Operated from 1886 to 1897. Chiefly promoted by prominent Spokane businessman Daniel C. Corbin to operate a railroad link in Northern Idaho from the Coeur d’Alene River to nearby mining regions. The road was organized in 1886 and leased in 1888 to the Northern Pacific Railroad. The road was sold to the Northern Pacific after foreclosure in 1897. Available in Green or Brown. Please specify color. Also available unissued at a lesser price. Please inquire if interested.
The Northern Pacific Railway, designated by the reporting mark NP, was a transcontinental railroad that traversed the northern region of the western United States, extending from Minnesota to the Pacific Northwest. Authorized by Congress in 1864, it received nearly 40 million acres (62,000 square miles; 160,000 square kilometers) in land grants, which were utilized to secure funding in Europe for its construction. Construction commenced in 1870, culminating in the opening of the main line that connected the Great Lakes to the Pacific when former President Ulysses S. Grant drove the final "golden spike" in western Montana on September 8, 1883.
The railroad encompassed approximately 6,800 miles (10,900 kilometers) of track, serving a vast area that included significant routes in Idaho, Minnesota, Montana, North Dakota, Oregon, Washington, and Wisconsin. Additionally, the NP operated an international branch to Winnipeg, Manitoba, Canada. Its primary operations involved the transportation of wheat and other agricultural products, cattle, timber, and minerals, as well as the importation of consumer goods, passenger transport, and land sales. The Northern Pacific was initially headquartered in Minnesota, first in Brainerd and later in Saint Paul. The railroad experienced a turbulent financial history, ultimately merging with other lines in 1970 to create the Burlington Northern Railroad, which subsequently merged with the Santa Fe Railway in 1996 to form the BNSF 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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