Peoria and Eastern Railway Co. - Stock Certificate
Inv# RS2040 Stock
State(s):
Illinois
Years:
1890's
Color:
Green or Brown
1890’s Illinois, Stock. Nicely engraved by Franklin Bank Note. Hole and stamp cancelled. A great stock from the “Golden Era” of American Engraving. Excellent Condition. From the Syracuse University Collection. The Peoria and Eastern Railway was incorporated on February 21, 1890, for the purpose of constructing or acquiring a railway between Pekin, Illinois, and Indianapolis, Indiana. The following day, the company acquired such a railroad from Charles H. Coster and Samuel Spencer, who had purchased the railroad in a foreclosure sale of the Ohio, Indiana and Western Railway, which had become insolvent the previous year. On the same day, the company entered into an agreement with the Cleveland, Cincinnati, Chicago and St. Louis Railway, surrendering operation and control of the railroad to that company, also known as the "Big Four". Available in Green or Brown. Please specify color.
Condition:
Excellent
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.
Item ordered may not be exact piece shown. All original and authentic.
Ebay ID: labarre_galleries