Dayton and Michigan Railroad - 1860's dated Railway Stock Certificate
Inv# RS1070 Stock
Railroad Stock. Vignette of Indian maiden resting in lower left and train scene in top center. Varying amounts of hole cancellations. Nice. Rare!!!
The Cincinnati, Hamilton and Dayton Railway (CH&D) was a railroad based in Ohio that operated from its incorporation on March 2, 1846, until it was acquired by the Baltimore and Ohio Railroad in December 1917. The railroad was initially chartered to build a route from Cincinnati to Hamilton, Ohio, and then to Dayton, covering a distance of 59 miles (95 km). Over time, further construction and acquisitions expanded the CH&D, and by 1902, it owned or controlled 640 miles (1,030 km) of railroad track. In late 1905, the value of its stock and bonds dropped sharply following revelations of "financial mismanagement of the properties." As a result, the company was reorganized as the Toledo and Cincinnati Railroad in 1917.
On May 1, 1863, the CH&D leased the Dayton and Michigan Railroad indefinitely and later acquired a controlling interest in the Cincinnati, Richmond and Chicago Railroad, which extended from Hamilton to Richmond. L'Hommedieu, the company's president, retired in June 1870 and passed away in 1875. He was succeeded by D. McLaren. In 1891, the CH&D acquired the Cincinnati, Dayton and Chicago Railroad and added the Cincinnati, Dayton and Ironton Railroad in March of that same year.
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.
Ebay ID: labarre_galleries