Milwaukee and St. Paul Railway Co. - Railroad Stock Certificate
Inv# RS5447 Stock
Wisconsin
Stock with 25 cents revenue stamp on front and back! The Milwaukee Road, officially the Chicago, Milwaukee, St. Paul and Pacific Railroad (CMSP&P RR) was a Class I railroad that operated in the Midwest and northwest of the United States from 1847 until its acquisition by and merger with the Soo Line railway in 1985–1986. The company went through several official names and faced bankruptcy several times in that period. While the railroad does not exist as a separate entity anymore, it is still commemorated in buildings like the historic Milwaukee Road Depot in Minneapolis, Minnesota and in railroad hardware still maintained by rail fans, such as the Milwaukee Road 261 steam locomotive.
The Milwaukee Road appeared as the Milwaukee and Waukesha Railroad when incorporated in 1847, but soon changed its name to Milwaukee and Mississippi. After three years, the first train ran from Milwaukee to Wauwatosa, Wisconsin, and the first passenger train ran on February 25, 1851. In 1874 the name was changed to Chicago, Milwaukee, and St. Paul. By 1887, the railroad had lines running through Wisconsin, Minnesota, Iowa, South Dakota, and the upper peninsula of Michigan. Read more at https://www.sdstate.edu/sdsu-archives-and-special-collections/chicago-milwaukee-and-st-paul-railway-company-collection
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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