Pensacola and Georgia Rail-Road Co. - Stock Certificate
Inv# RS5148 Stock
Georgia
Smaller size Stock measures 6 1/4" x 4 1/4".
The Pensacola and Georgia Railroad was a 5 ft (1,524 mm) broad gauge railroad line chartered in January 1853, which ran from Tallahassee, Florida east to Lake City, Florida by 1860, and west to Quincy, Florida by 1863. Merged as one of two components within the Jacksonville, Pensacola and Mobile Railroad in 1869, the line ultimately came under the control of the Seaboard Air Line Railway (now CSX) in 1900.
In 1855, the P&G, as it was known, took over the Tallahassee Railroad, which ran south from Tallahassee to the port at St. Marks, Florida on the Gulf of Mexico. The P&G also constructed the Lloyd Railroad Depot and the Tallahassee station, both built in 1858 and still standing. Very late in the Civil War the Confederate government caused a connection to be built from Live Oak, Florida, to Lawton (now Dupont), Georgia, where it connected with the Atlantic and Gulf Railroad line to Savannah, but this was not completed until March 1865, only a month before the end of hostilities.
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.
Ebay ID: labarre_galleries