Omaha & Council Bluffs Street Railway Co. - Railroad Voting Trust Certificate
Inv# RS5406A Stock
New York
Preferred Stock; Voting Trust Certificate printed by Hamilton Bank Note Co., New York Litho. All with revenue stamps on front or back. Green or Blue Available. Please specify color.
The Omaha and Council Bluffs Railway and Bridge Company, known as O&CB, was incorporated in 1886 in order to connect Omaha, Nebraska with Council Bluffs, Iowa over the Missouri River. With a sanctioned monopoly over streetcar service in the two cities, the O&CB was among the earliest major electric street railway systems in the nation, and was one of the last streetcar operators in the U.S., making its last run in 1955.
The predecessor of the O&CB was the Omaha Horse Railway Company, which was incorporated by an act of the Nebraska Legislature in 1867. Electric streetcar service in Omaha is said to be the outgrowth of the 1887 Omaha Motor Railway, which was formed when the Omaha Horse Railway and the Omaha Cable Tramway Company were consolidated under the leadership of Samuel D. Mercer.
George F. Wright, builder of the 1868 Council Bluffs Street Railway company, organized the Omaha and Council Bluffs Railway and Bridge Company in 1886, along with Frank Murphy and Guy C. Barton of Omaha and John T. Stewart, Thomas J. Evans and George F. Wright of Council Bluffs. Majority stockholders included Marshall Field of Chicago and U.S. Senator Joseph Millard of Nebraska, and officials from the American Smelting Company. Read more at https://en.wikipedia.org/wiki/Omaha_and_Council_Bluffs_Railway_and_Bridge_Company
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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