Little Miami Railroad Co. - 1970's dated Railway Stock Certificate
Inv# RS4552 Stock
Stock printed by American Bank Note Company. The Little Miami Railroad was a railway located in southwestern Ohio, extending from the eastern part of Cincinnati to Springfield, Ohio. In 1853, it merged with the Columbus and Xenia Railroad, establishing the first continuous rail connection between the significant manufacturing hub of Cincinnati and the state capital, Columbus. During this era, railroads played a crucial role in linking the vital waterways of the Great Lakes with the Ohio River, which served as major transportation routes for goods to various markets.
However, the significance of the LMRR diminished later in the 19th century as three major railroads from the East constructed lines across the Allegheny Mountains, thereby creating east-west transportation networks throughout the state. The railroad operated independently until 1981, when it was incorporated into Conrail amid a period of extensive restructuring in the railroad industry during the late 20th century. The Little Miami Railroad was officially incorporated on March 11, 1836, with Jeremiah Morrow, the governor of Ohio, serving as its first unpaid president. It was the second railroad to be incorporated in Ohio. The initial stock sale meeting took place at Linton's Hotel in Waynesville on May 13, 1836, followed by a second meeting on June 2, 1836, in Xenia. The original plan for the railroad was to connect Cincinnati to Springfield, where it was anticipated to link with the Mad River and Lake Erie Railroad, which was extending southward to Springfield from Sandusky on Lake Erie.
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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