Milwaukee, Lake Shore and Western Railroad - Unissued Stock Certificate
Inv# RS1126 Stock
Railroad Stock. Vignette of locomotive and female with flags. Nice elaborate title. Unissued.
The preliminary steps toward constructing the present Milwaukee, Lake Shore & Western Railroad were taken in 1856, when railroad charters were almost as numerous as the postoffices in the State, and enthusiasm for railroads was at its height. The first charter, called the Manitowoc & Mississippi, was granted to George Reed, Benj. Jones, S.A. Wood, Jarvis E. Platt, of Manitowoc; Harrison Reed, Joseph Turner and Charles Doty, of Menasha, and H.L. Palmer, of Milwaukee. The road was to be constructed from Manitowoc to the Mississippi River. The contracts were at once let for the work between Manitowoc and Menasha, the first earth being broken at the former place in 1856. The financial crisis of 1857 put a stop to all work on the road, although nearly everything was ready for the rails from the lake west to Menasha. Thus matters remained until 1871, when a new company, called the Appleton & New London Railway Company, which was chartered in 1866, came into possession of this grade. The road was turned to Appleton, finished and opened for business in the Fall of 1872.
The Milwaukee, Lake Shore and Western Railway (MLS&W) is a former railroad company whose mainline connected Milwaukee, the Upper Peninsula and northwest Wisconsin with connection to Chicago by way of the Chicago & North Western Railway.
the MLS&W had its beginnings in 1872 with the reorganization of several predecessor roads including the Appleton and New London Railway and the Milwaukee, Manitowoc & Green Bay Railroad. The MLS&W could trace its origin to the granting of a right-of-way to the Manitowoc and Mississippi Railroad in December of 1853.
By 1888, the Lake Shore was operating daily mainline passenger trains on the Milwaukee to Ashland route as well as frequent branch service to Rhinelander, Wausau, Oconto, Two Rivers and Oshkosh. Schedules indicate that almost eleven hours were required for the 367-mile Milwaukee-Ashland run.
By 1893, the MLS&W had become a major Wisconsin carrier and attracted attention from the Chicago & North Western Railway (C&NW). Since the MLS&W depended upon the C&NW for a Chicago connection as well as numerous interchange locations, it was apparent that the interests of both lines could be well served by merging the railroads. This was accomplished by September 1893. Some 733 miles of Lake Shore road as well as 112 locomotives, 77 passenger train cars, and over 5000 freight cars became the property of the C&NW.
C&NW would continue to operate the MLS&W mainline into the 20th century, however many sections were abandoned including the section from Sheboygan to Manitowoc and most of the trackage northwest of Appleton. In 1995 Union Pacific bought The Chicago & North Western Railway and today continues to operate the Chicago to Sheboygan section. The southern section of the line between Kenosha and Chicago continues to host passenger service, Metra uses the section for its commuter services on its Union Pacific North Line.
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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