Wabash Railway Co. - 1918-1938 dated Indiana Railroad Stock Certificate
Inv# RS2601 Stock
Indiana
Iowa
Michigan
Missouri
Ohio
Uncancelled large size Stock printed by Republic Bank Note Co., Pittsburgh, PA. Great! Available in Blue, Brown, Green or Orange. Please specify color.
The Wabash Railroad, designated by the reporting mark WAB, was classified as a Class I railroad that functioned in the mid-central region of the United States. It encompassed a vast network, including routes in Ohio, Indiana, Illinois, Iowa, Michigan, Missouri, and the province of Ontario. Key connections facilitated by the Wabash included major cities such as Chicago, Illinois; Kansas City, Missouri; Detroit, Michigan; Buffalo, New York; St. Louis, Missouri; and Toledo, Ohio. A significant advantage for the Wabash in freight transportation was its direct route from Kansas City to Detroit, which bypassed both St. Louis and Chicago. Although the Wabash Railroad was merged into the Norfolk and Western Railway (N&W) in 1964, it remained a legal entity until the N&W itself merged into the Norfolk Southern Railway (NS) in 1982. By the close of 1960, the Wabash operated 2,423 miles of road across 4,311 miles of track, excluding the Ann Arbor and NJI&I lines; that year, it reported a total of 6,407 million net ton-miles of revenue freight and 164 million passenger-miles.
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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