Georgia Southern and Florida Railway Co. - Stock Certificate
Inv# RS5142A Stock
Georgia
Stock printed by American Bank Note Co., New York.
The Georgia Southern and Florida Railway (reporting mark GSF), also known as the Suwanee River Route from its crossing of the Suwanee River, was founded in 1885 as the Georgia Southern and Florida Railroad and began operations between Macon, GA and Valdosta, GA in 1889, extending to Palatka, FL in 1890. The railroad went bankrupt by 1891, was reorganized as the Georgia Southern and Florida Railway in 1895, and was mostly under the control of the Southern Railway.
In 1902, the GS&F purchased a line from the Atlantic, Valdosta and Western Railway that ran from Valdosta, GA to Jacksonville, FL. The GS&F also owned the Macon and Birmingham Railway and the Hawkinsville and Florida Southern Railway, both of which were operated as separate companies; both ended up going bankrupt and being mostly abandoned. The GS&F was eventually acquired by the Norfolk Southern Railway and still operates as a subsidiary. As of November 2012, at least one operating Norfolk Southern locomotive retains GSF reporting marks.
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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