Chicago Terminal Transfer Railroad Issued to Sir Charles Tennant, Bart. - 1904 dated Stock Certificate

Inv# AG1131 Stock

State(s): Illinois

Years: 1904

Attractive stock dated 1904 of the Chicago Terminal Transfer Railroad issued to Tennant and boldly signed at back. Rare!

Sir Charles Tennant (1823-1906), First Baronet, Merchant and Art Patron. Founder of chemical works at St. Rollox, Glasgow. Works absorbed by United Alkali Co. of which Tennant became chairman, Chairman of the Union Bank of Scotland. In art, he acquired portraits by Reynolds and Gainsborough and became trustee of the British National Gallery.

In July 1897, a new company called the Chicago Terminal Transfer Railroad (CTT) bought the Chicago & Northern Pacific RR from the Wisconsin Central RR. While the Wisconsin Central RR (and successor Soo Line Railroad) no longer had its own direct connection to the city, it continued to use the line to access Grand Central Station until 1899, and between 1912 and 1965. In May 1897, the Chicago Terminal Transfer merged the Chicago and Calumet Terminal.

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.

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