Lafayette and Indianapolis Railroad - Stock Certificate
Inv# RS1108 Stock
Railroad Stock. No vignette. Neatly mounted on brown paper as found in RR archives, very unusual format. Rare. Early!
This abandoned railway line, originally between Indianapolis and Lafayette, was built by the Lafayette and Indianapolis Railroad in 1850. Over the years and due to mergers, the line was owned by a number of railroads during its operation:
- Indianapolis, Cincinnati and Lafayette Railroad, 1867
- Cincinnati, Chicago and St Louis Railroad, 1880
- Cleveland, Cincinnati, Chicago and St Louis Railroad (the Big Four), 1889
- New York Central Railroad, 1930
- Penn Central Railroad, 1968
- Conrail, 1976
The line hosted Abraham Lincoln's inaugural train in 1861 and his funeral train in 1865.
It was abandoned in two stages: Lebanon to Zionsville in 1976 (Docket USRA-574), and Lafayette to Lebanon in 1985 (Docket AB-167-637-N). (From Abandonrails.com)
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.
Ebay ID: labarre_galleries