Omaha and St. Louis Railway Co. - Railroad Stock Certificate
Inv# RS2532 Stock
Great train vignette by American Bank Note Co., NY. Very slightly affected by dampness. The Wabash Railroad (reporting mark WAB) was a Class I railroad that operated in the mid-central United States. It served a large area, including track in the states of Ohio, Indiana, Illinois, Iowa, Michigan, and Missouri and the province of Ontario. Its primary connections included Chicago, Illinois; Kansas City, Missouri; Detroit, Michigan; Buffalo, New York; St. Louis, Missouri; and Toledo, Ohio.
The Wabash's major freight traffic advantage was the direct line from Kansas City to Detroit, without going through St. Louis or Chicago. Despite being merged into the Norfolk and Western Railway (N&W) in 1964, the Wabash company continued to exist on paper until the N&W merged into the Norfolk Southern Railway (NS) in 1982. At the end of 1960 Wabash operated 2,423 miles of road on 4,311 miles of track, not including Ann Arbor and NJI&I; that year it reported 6,407 million net ton-miles of revenue freight and 164 million passenger-miles.
The source of the Wabash name was the Wabash River, a 475-mile (764 km)-long river in the eastern United States that flows southwest from northwest Ohio near Fort Recovery, Ohio, across northern Indiana to Illinois where it forms the southern portion of the Illinois-Indiana border before draining into the Ohio River, of which it is the largest northern tributary. The name Wabash is an anglicization of the French name for the river, Ouabache. French traders named the river after the native Miami tribe's word for the river. Read more at https://en.wikipedia.org/wiki/Wabash_Railroad
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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