Memphis Street Railway Co. - circa 1900 Tennessee Unissued Railroad Stock Certificate
Inv# RS2546 Stock
Unissued stock. A Rare & Popular State. The Memphis Street Railway Company was a privately owned operator of streetcars (trams) and trolleybuses in Memphis, Tennessee on roughly 160 route miles of overhead electrified cable and rails between 1895 and 1960. The longest of the rail lines reached from downtown to Memphis National Cemetery near Raleigh.
The Memphis Street Railway was created in March 1895 through the merger of several smaller systems including the Memphis & Raleigh Springs Railroad, East End Street Railway, Citizens Street Railroad and City & Suburban Railway. In 1890, when The Citizens Street Railroad of Memphis, Tenn., suffered a financial setback, Mr. Albert Merritt Billings of Chicago, bought the company for over $2,000,000. Billings placed electric power on the roads and the company became a great success. Billings recruited Mr. Frank G. Jones from Iowa to operate the company as vice-president. At its peak the interurban operated nearly 77 miles of trackage, 51 one of which was double-track. Service lasted until the 1940s when operations were abandoned in favor of buses. Read more at https://en.wikipedia.org/wiki/Memphis_Street_Railway_Co
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