Illinois Traction Co. - 1915-20's dated Illinois Railroad Stock Certificate
Inv# RS1093 Stock
New York
Railroad Stock. Female figure on winged wheel in clouds. Attractive, with nice engraved borders. British American Bank Note Co, Ottawa, Canada. Available in Olive, Blue or Orange. Please specify color.
The Illinois Terminal Railroad Company, recognized by the reporting marks "ITC," was formerly known as the Illinois Traction System until the year 1937. This interurban electric railroad was extensively active in central and southern Illinois, offering both passenger and freight services from 1896 until 1956. In response to the financial challenges posed by the Great Depression, the Illinois Traction underwent a reorganization, resulting in the adoption of the Illinois Terminal name. This rebranding aimed to highlight the railroad's primary role as a freight interchange that connected with major steam railroads at its terminal locations, which included Peoria, Danville, and St. Louis. Over the years, interurban passenger services were gradually reduced, ultimately ceasing operations in 1956. While freight operations continued, they encountered difficulties due to narrow street running in certain towns, which required very sharp turns. In 1956, the ITC was incorporated into a consortium of connecting railroads.
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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