Indiana and Lake Michigan Railway Co. - circa 1880's Unissued Indiana Railroad Stock Certificate
Inv# RS2734 StockLarge size Stock printed by Railway and Bankers Eng. Lith. Co. N.Y. Only 51 ever issued. Great train vignette and borders in multi-colors! Very Rare! Measures 16 1/2" x 9 1/4". Operated solely from 1887 to 1898 and then became part the St. Joseph, South Bend and Southern Railroad from 1899 to 1943.
The New York Central Railroad (reporting mark NYC) was formed through the consolidation of several existing railroad companies and primarily operated in the Great Lakes and Mid-Atlantic regions of the United States. This railroad established vital connections between greater New York and Boston in the east, and Chicago and St. Louis in the Midwest, serving key cities such as Albany, Buffalo, Cleveland, Cincinnati, Detroit, Rochester, and Syracuse. The headquarters of the New York Central was located in the New York Central Building, situated next to its largest station, Grand Central Terminal. Established in 1853, the railroad underwent a significant merger in 1968 with its competitor, the Pennsylvania Railroad, resulting in the creation of Penn Central. However, Penn Central faced bankruptcy in 1970 and, after receiving substantial support from the Federal government, re-emerged as Conrail in 1976. In 1999, Conrail was dismantled, with portions of its network allocated to CSX and Norfolk Southern Railway (NS), where CSX acquired the majority of the eastern trackage and NS took over most of the western trackage previously belonging to the NYC.
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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