St. Paul and Northern Pacific Railway - Minnesota Railroad Stock Certificate
Inv# NP1011 Stock
A valuable subsidiary of the Northern Pacific Railroad, the company operated from Brainerd to St. Paul, Minnesota as a reorganization of the bankrupt Western Railroad of Minnesota. Also available unissued at a lesser price. Please inquire if interested.
Congress chartered the Northern Pacific Railway Company on July 2, 1864, with the goals of connecting the Great Lakes with Puget Sound on the Pacific, opening vast new lands for farming, ranching, lumbering and mining, and linking Washington and Oregon to the rest of the country.
Congress granted the railroad a potential 60 million acres (94,000 sq mi; 240,000 km2) of land in exchange for building rail transportation to an undeveloped territory. Josiah Perham was elected its first president on December 7, 1864. It could not use all the land and in the end took just under 40 million acres. Read more at https://en.wikipedia.org/wiki/Northern_Pacific_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.
Ebay ID: labarre_galleries