Kansas and Nebraska Railway Co. - 1876 dated Kansas and Nebraska Railroad Stock Certificate
Inv# RS5561 Stock
Stock printed by Charles F. Ketchum, N.Y. This railroad began operating in 1876 and was later incorporated into the St. Joseph & Western Railroad. It subsequently became part of the St. Joseph & Marysville Railroad and then the St. Joseph & Grand Island Railway. The St. Joseph & Grand Island Railroad (SJ&GI) originally started as the St. Joseph & Denver City Railroad, and after a few changes of destination, it was completed as the St. Joseph & Western (SJ&W) between St. Joseph, Missouri, and Hastings, Nebraska in 1872. Seven years later, the Hastings & Grand Island Railroad was constructed between its namesake cities and was promptly sold to the SJ&W, providing the railroad with a connection to the Union Pacific Railroad at Grand Island. The SJ&W encountered financial difficulties and eventually went bankrupt in 1884. The Union Pacific acquired the railroad out of bankruptcy in 1885 and reorganized it as the St Joseph & Grand Island Railroad.
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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