Hutchinson and Southern Railway Co. - 1898 dated Railroad Stock Certificate
Inv# RS4763A
Stock
The Hutchinson and Southern Railway was established in accordance with the general laws of Kansas on December 21, 1897. Subsequently, on January 21, 1898, it obtained the assets of the Hutchinson and Southern Railroad Company through foreclosure. This company had constructed 90.7 miles of railway extending from Hutchinson, Kansas, southward through Kingman and Anthony, Kansas, ultimately reaching Wakita, Oklahoma. During the period of 1898 to 1899, the railway also acquired the complete assets of the Gulf Railroad Company, which had laid down 36.7 miles of track connecting Wakita to Blackwell, Oklahoma. In 1899, the railway further expanded by building an additional 14.5 miles of track from Blackwell to Ponca City, Oklahoma. However, the entire railway line was sold to the Atchison, Topeka and Santa Fe Railway on December 20, 1899, and has since been abandoned.
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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