Santa Fe, Prescott and Phoenix Railway Co. - 1899 dated Territory of Arizona Railroad Stock Certificate
Inv# RS5014A Stock
Stock printed by Cameron, Amberg & Co., Printers. 8,061 shares! Great variety of revenues on back! The Santa Fe, Prescott & Phoenix Railway (SFP&P) was a common carrier railroad that later became an operating subsidiary of the Atchison, Topeka & Santa Fe Railway in Arizona. At Ash Fork, Arizona, the SFP&P connected w/ Santa Fe's operating subsidiary, the Atlantic & Pacific Railroad mainline, that ran from California to Chicago. The SFP&P's 195-mile (314 km) line extended the Santa Fe Railway south into Phoenix. The SFP&P extended another 100 miles (160 km) to the east from Phoenix to Florence & Winkelman via the Phoenix & Eastern Railroad (which would become a Southern Pacific Railroad subsidiary in 1907). The SFP&P also served several mines in the Prescott area through its various subsidiary railroads.
On December 28, 1911, the line was merged into Atchison, Topeka & Santa Fe Railway's non-operating subsidiary (paper railroad) of the California, Arizona & Santa Fe Railway. Today the line from Ash Fork to Phoenix is operated by the BNSF Railway. Due to its many winding curves & bridges, the route was popularly known as the Peavine. In the 1960s, the AT&SF built a new line to avoid the worst grades & curves, bypassing the city of Prescott, called the New Peavine Bypass. The SFP&P was chartered on May 27, 1891. Construction commenced on August 17, 1892, from the Atlantic & Pacific connection at Ash Fork. By April 1893 trains were operating between Ash Fork & Prescott. On March 13, 1895, the line ran all the way to Phoenix. Read more at https://en.wikipedia.org/wiki/Santa_Fe,_Prescott_and_Phoenix_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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