Copper Range Railroad Company - 1930's dated Michigan Railway Stock Certificate
Inv# RS5503
Stock
Unissued Stock printed by Franklin Lee Division - American Bank Note Co. The Copper Range Railroad (reporting marks CR, COPR) was a former U.S. Class I railroad that operated from 1899 to 1972 in the western Upper Peninsula of the state of Michigan.
The Copper Range Railroad was incorporated in 1899 as a successor to the Northern Michigan Railroad. The railroad was controlled by the Copper Range Company, the second largest producer of copper in the Lake Superior district. The line was opened from Gay to McKeever, Michigan that same year.
Reorganization was necessary by 1930. In 1944 the railroad reinstated passenger service (only mixed train service had been offered from some time) with the Chippewa, which ran between Houghton and McKeever where it connected with the Milwaukee Road's Chippewa, providing daytime service between the Keweenaw Peninsula and Chicago. The service was a wartime measure and was discontinued by 1946. Read more at https://en.wikipedia.org/wiki/Copper_Range_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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