Schoolcraft and Three Rivers Railroad Co. - Unissued Railroad Stock Certificate
Inv# RS5536 Stock
Unissued Stock. Some paper loss in margins.
The Schoolcraft and Three Rivers Railroad Company was formed in 1855 to build a rail line from Schoolcraft Michigan to Three Rivers Michigan. The rail line was not completed until 1867. The company was merged with the St. Joseph Valley Railroad in 1869 and eventually the Lake Shore and Michigan Southern and the New York Central Railroad in 1914.
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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