Pacific Railroad of Missouri - 1870's dated Railway Stock Certificate - Beautiful Certificate
Inv# RS2527 Stock
Train vignette by Henry Seibert & Bros. A small group of these were found over 20 years ago. Now quite Rare! The Pacific Railroad, which should not be confused with the Union Pacific Railroad, was a railroad based in Missouri. It served as a predecessor to both the Missouri Pacific Railroad and the St. Louis-San Francisco Railway. The Pacific Railroad was chartered by Missouri in 1849 with the purpose of extending the railroad "from St. Louis to the western boundary of Missouri and then to the Pacific Ocean." However, due to a cholera epidemic in St. Louis in 1849 and other delays, groundbreaking did not occur until July 4, 1851.
The railroad acquired its first steam locomotive from a manufacturer in Taunton, Massachusetts, and it arrived in St. Louis by river in August 1852. On December 9, 1852, the Pacific Railroad had its inaugural run, traveling from its depot on Fourteenth Street, along the Mill Creek Valley, to Cheltenham in about ten minutes. By the following May, it had reached Kirkwood. Within months, tunnels west of Kirkwood were completed, allowing the line to reach Franklin. The Southwest Branch of the Pacific Railroad was authorized in 1852 and split off at Franklin, which was renamed Pacific, Missouri, in 1859. It later became the Southwest Pacific Railroad and eventually the main line of the St. Louis-San Francisco Railway in 1866.
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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