Northern Refrigerator Line, Inc - Refrigeration Railway Car Stock Certificate
Inv# RS1151 Stock
Railroad Stock. Vignette of seated male and female figures with logo. Rare!!! Northern Refrigerator Line was incorporated on January 8, 1929. The company was indirectly owned and controlled by the New York Central Railroad through its subsidiary corporation, the Merchants Despatch Transportation Corporation.
A refrigerator car (or "reefer") is a refrigerated boxcar (U.S.), a piece of railroad rolling stock designed to carry perishable freight at specific temperatures. Refrigerator cars differ from simple insulated boxcars and ventilated boxcars (commonly used for transporting fruit), neither of which are fitted with cooling apparatus. Reefers can be ice-cooled, come equipped with any one of a variety of mechanical refrigeration systems, or utilize carbon dioxide (either as dry ice, or in liquid form) as a cooling agent. Milk cars (and other types of "express" reefers) may or may not include a cooling system, but are equipped with high-speed trucks and other modifications that allow them to travel with passenger trains.
After the end of the American Civil War, Chicago, Illinois emerged as a major railway center for the distribution of livestock raised on the Great Plains to Eastern markets. Transporting the animals to market required herds to be driven up to 1,200 miles (1,900 km) to railheads in Kansas City, Missouri or other locations in the midwest, such as Abilene and Dodge City, Kansas, where they were loaded into specialized stock cars and transported live ("on-the-hoof") to regional processing centers. Driving cattle across the plains also caused tremendous weight loss, with some animals dying in transit. Read more at https://en.wikipedia.org/wiki/Refrigerator_car
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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