Wabash Railroad Co. - Railway Stock Certificate
Inv# RS4663A Stock
Indiana
Iowa
Michigan
Missouri
Ohio
Attractive Stock with orange 2 shillings revenue stamp. Rare Variety! Uncancelled and not negotiable.
The Wabash Railroad (reporting mark WAB) was a Class I railroad that operated in the mid-central United States. It served a large area, including track in the states of Ohio, Indiana, Illinois, Iowa, Michigan, and Missouri and the province of Ontario. Its primary connections included Chicago, Illinois; Kansas City, Missouri; Detroit, Michigan; Buffalo, New York; St. Louis, Missouri; and Toledo, Ohio.
The Wabash's major freight traffic advantage was the direct line from Kansas City to Detroit, without going through St. Louis or Chicago. Despite being merged into the Norfolk and Western Railway (N&W) in 1964, the Wabash company continued to exist on paper until the N&W merged into the Norfolk Southern Railway (NS) in 1982.
At the end of 1960 Wabash operated 2,423 miles of road on 4,311 miles of track, not including Ann Arbor and NJI&I; that year it reported 6,407 million net ton-miles of revenue freight and 164 million passenger-miles. Read more at https://en.wikipedia.org/wiki/Wabash_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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