Seaboard Air Line Railway Co. - Railroad Stock Certificate
Inv# RS2615 Stock
Stock printed by Security Bank Note Company. This company was a consolidation of numerous railroads in the Southeastern corridor of the U.S. Please specify color.
The Seaboard Air Line Railroad (reporting mark SAL), which styled itself "The Route of Courteous Service," was an American railroad which existed from April 14, 1900, until July 1, 1967, when it merged with the Atlantic Coast Line Railroad, its longtime rival, to form the Seaboard Coast Line Railroad. Predecessor railroads dated from the 1830s and reorganized extensively to rebuild after the American Civil War. The company was headquartered in Norfolk, Virginia, until 1958, when its main offices were relocated to Richmond, Virginia. The Seaboard Air Line Railway Building in Norfolk's historic Freemason District still stands and has been converted into apartments.
At the end of 1925 SAL operated 3,929 miles of road, not including its flock of subsidiaries; at the end of 1960 it reported 4,135 miles. The main line ran from Richmond via Raleigh, North Carolina, Columbia, South Carolina, and Savannah, Georgia to Jacksonville, Florida, a major interchange point for passenger trains bringing travelers to the Sunshine State. From Jacksonville, Seaboard rails continued to Tampa, St. Petersburg, West Palm Beach and Miami.
Other important Seaboard routes included a line from Jacksonville via Tallahassee to a connection with the Louisville and Nashville Railroad (L&N) at Chattahoochee, Florida, for through service to New Orleans; a line to Atlanta, Georgia, and Birmingham, Alabama, connecting with the main line at Hamlet, North Carolina; and a line from the main at Norlina, North Carolina, to Portsmouth, Virginia, the earliest route of what became the Seaboard. Read more at https://en.wikipedia.org/wiki/Seaboard_Air_Line_Railroad
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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