Kanawha & Michigan Railway Co. - 1890-1910 dated Railroad Stock Certificate
Inv# RS1103A StockWest Virginia
Railroad Stock. Superb vignette of two trains passing under a bridge. A great American Bank Note stock. Rare!!! Available in Green or Brown. Please specify color. Also available unissued for a lesser price. Please inquire if interested.
The railroad of the Kanawha & Michigan Railway Company, herein called the Kanawha & Michigan, is a single-track, standard-gage steam railroad, located in the States of Ohio and West Virginia, and extending from Corning, Ohio, to Gauley Bridge, W. Va., with branches to Carrington, Athens, Calvin, Pomeroy, and Gallipolis, Ohio, and from Carbondale and Bloomer, W. Va., to near-by points. The company wholly owns freight and passenger terminals at Hobson, Ohio and Charleston and Gauley Bridge, W. Va., and a freight terminal at Dickson, W. Va. In addition, it jointly owns with another carrier freight and passenger facilities at Corning, Ohio.
The Kanawha & Michigan wholly owns 163.682 miles of road, of which it uses 152.568 miles, and leases 11.114 miles to The Zanesville and Western Railway Company. The Kanawha & Michigan wholly uses 3.269 miles of road owned by lessors of the company and described in the paragraphs below. The property of The Middleport and Northeastern Railway Company, herein called the Middleport and Northeastern, leased to and operated by the Kanawha & Michigan, is a single-track line extending from Rockville to Calvin, Ohio, a distance of 2.525 miles. The property of The Point Pleasant Bridge Company, likewise leased to and operated by the Kanawha & Michigan, consists of a bridge and tracks thereon extending from the north end of the Ohio River bridge in Ohio to the south end of this bridge in Point Pleasant, W. Va., a distance of 0.744 miles. Read more at https://en.wikipedia.org/wiki/Chesapeake_and_Ohio_Railway
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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