Pere Marquette Railroad Co. - Railway Stock Certificate
Inv# RS5278 Stock
Michigan
Ohio
Stock printed by Western Bank Note Co., Chicago. The Pere Marquette Railway (reporting mark PM) operated in the Great Lakes region of the United States and southern parts of Ontario in Canada. It had trackage in the states of Michigan, Ohio, Indiana and the Canadian province of Ontario. Its primary connections included Buffalo; Toledo; and Chicago. The company was named after Père (French for Father) Jacques Marquette S.J. (1637–1675), a French Jesuit missionary who founded Michigan's first European settlement, Sault Ste Marie. The Pere Marquette Railroad was incorporated on November 1, 1899, in anticipation of a merger of three Michigan-based railroad companies that had been agreed upon by all parties. It began operations on January 1, 1900, absorbing the following companies:
- Flint & Pere Marquette Railroad (F&PM)
- Detroit, Grand Rapids & Western Railroad (DGR&W)
- Chicago & West Michigan Railway (C&WM)
Read more at https://en.wikipedia.org/wiki/Pere_Marquette_Railway
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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