Galena and Chicago Union Rail Road Co. - Railway Stock Certificate
Inv# RS5439 Stock
Early Stock printed on blue paper. Chicago, Illinois.
The Galena and Chicago Union Railroad (G&CU) was a railroad running west from Chicago to Freeport, Illinois, never reaching Galena, Illinois. A later route went to Clinton, Iowa. Incorporated in 1836, the G&CU became the first railroad built out from Chicago.
The first railroad constructed out of Chicago, the Galena and Chicago Union, was chartered on January 16, 1836, to connect Chicago with the lead mines at Galena, a year before the city of Chicago was incorporated. "The Pioneer," the first locomotive on the road, arrived at Chicago on October 10, 1848, nearly thirteen years after the charter was granted. In 1850, the Galena and Chicago Union Railroad was completed as far as Elgin. The railroad and the Illinois and Michigan Canal were vital in the development of Chicago, and the population of the city tripled in the six years after the opening of the canal. Eventually other railroads were built and Chicago became the largest railroad center in the world. https://en.wikipedia.org/wiki/Galena_and_Chicago_Union_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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