International Manufacturing and Shipping Co. - Shipping Stock Certificate - Pierre, South Dakota
Inv# SS1238 Stock
Pierre, South Dakota Shipping Stock Certificate.
Pierre was founded in 1880 on the east bank of the Missouri River opposite Fort Pierre, a former trading post that developed as a community. It was designated as the state capital when South Dakota gained statehood on November 2, 1889.
Huron challenged the city to be selected as the capital, but Pierre was selected for its geographic centrality in the state. Fort Pierre had developed earlier, with a permanent settlement since circa 1817 around a fur trading post. Fort Pierre Chouteau, preceding the city, was named after Pierre Chouteau, Jr., an American fur trader from St. Louis, Missouri, who was of colonial French origin.
Pierre's development was also influenced by construction of the Rapid City, Pierre and Eastern Railroad, which runs east–west through the city. It increased access to markets for regional products and improved transportation for passengers. The railroad crosses the Missouri River on the Chicago and North Western Railroad Bridge.
The capital city became relatively isolated in the post-World War II era of federally subsidized highway construction, as travelers and freight companies began to use automobiles and trucking. It is one of four state capitals not served by the Interstate Highway System.
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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