Toledo, Logansport and Burlington Railroad Co. - Railway Stock Certificate
Inv# RS2042 Stock
1864-67, Ohio, Preferred Stock. Exceptional Stock with 3 Great Vignettes and printed in an unusual reddish orange shade. Washington Revenue. Excellent Condition and Scarce!
The Logansport and Pacific Railroad was incorporated in 1853 to build from Logansport west to the Illinois state line. After several reorganizations, the Toledo, Logansport and Burlington Railroad opened to the Illinois state line near Effner in 1859. The Logansport, Peoria and Burlington Railroad continued as part of a line to the U.S. West, bypassing Chicago.
On September 11, 1867, the Columbus and Indianapolis Central Railway, Union and Logansport Railroad and Toledo, Logansport and Burlington Railway merged to form the Columbus and Indiana Central Railway. The main line, formerly being built by the Union and Logansport, opened from Union City to Marion in October 1867.
On February 12, 1868, the Columbus, Chicago and Indiana Central Railway was formed as a merger of the Columbus and Indiana Central Railway and Chicago and Great Eastern Railway. The rest of the new main line, from Marion northwest to Anoka, on the old main line east of Logansport, was completed March 15, 1868, making the old route via New Castle and Richmond into a branch. The CC&IC now had main lines from Columbus, Ohio to Chicago and Indianapolis, Indiana, with branches from near Logansport, Indiana southeast to Richmond, Indiana (on the Indianapolis line) and west to Effner, Indiana. The Erie Railway offered in late 1868 to lease the CC&IC, but the Pittsburgh, Cincinnati and St. Louis Railway made a better offer on January 22, 1869, leasing it on February 1. Read more at https://en.wikipedia.org/wiki/Pittsburgh,_Cincinnati,_Chicago_and_St._Louis_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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