Detroit and Port Huron Shore Line Railway - 1900's dated Unissued Railroad Stock Certificate
Inv# RS5526 Stock
Unissued and cancelled Railroad Stock in vibrant green and black coloring. In close relation to this railroad, the Detroit and Toledo Shore Line Railroad (reporting mark DTS) is a historic railroad that operated in northwestern Ohio and southeastern Michigan. The Pleasant Bay Railway was incorporated in Michigan in March 1898 and purchased the Toledo and Ottawa Beach Railway, an Ohio company incorporated in January 1898, in March 1899. The resulting company was renamed the Detroit and Toledo Shore Line Railroad one month later.
It operated a multi-track mainline connecting Detroit, Michigan and Toledo, Ohio, serving several large industries. The main line between the two cities opened in 1903. The Grand Trunk Western Railway (GTW) and the Toledo, St. Louis and Western Railroad (the "Clover Leaf") co-owned the railroad from 1902-1923. The TStL&W ownership was transferred to its successor the New York, Chicago and St. Louis Railroad (the "Nickel Plate Road") in 1923 and then to the Norfolk and Western Railway (N&W) in 1964. The GTW purchased the N&W's interest in the DTS in 1981. At that time the DTS was dissolved and merged into the GTW. Today, a mostly single track section with limited double track and passing sidings of the former mainline continues as the CN/GTW Shore Line Subdivision. Read more at https://en.wikipedia.org/wiki/Detroit_and_Toledo_Shore_Line_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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