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Cerrillos Coal Railroad Co. - Territory of New Mexico - 1890's dated Unissued Railway Stock Certificate - Branch Line of the Atchison Topeka Santa Fe Railway

Inv# AT102   Stock
State(s): New Mexico
Years: 189-

Unissued Stock. In relation to this company, lead mines in the area around Madrid, New Mexico captured the interest of Roque Madrid in the 17th century. It is unclear whether the current name of the community comes from that of earlier residents or the capital of Spain. The dominant English pronunciation of the name differs from that of the Spanish capital, with emphasis on the first syllable: MAD-rid. Coal mining began in the area around 1835. The coal deposits were called the Cerrillos Coal Bank following the arrival in early 1880 of the New Mexico & Southern Pacific Railroad (as the AT&SF in New Mexico was organized), named after the nearby mining and railroad town of Cerrillos Station. After a dozen years at the Coal Bank of wildcat, unpermitted, and unorganized mining the AT&SF acquired the property on December 10, 1891, and through purposefully-created subsidiaries solidified its control. The Cerrillos Coal & Iron Co. developed the layout for the town, mines, and facilities, and the Cerrillos Coal Railroad Co. built the 6.25 mi (10.06 km) standard gauge spur from the AT&SF main line at Waldo Junction.

In late August 1892, the spur finally terminated at the relatively new mining camp of Keeseeville (an illegal trespass settlement, however one whose 20-acre plat had been approved by Santa Fe County). At the site of Keeseeville, which the Cerrillos Coal Railroad co-opted, the town of Madrid was built. More accurately the Cerrillos Coal Railroad transported-in, section by section, prefabricated wooden miner's cabins from as far away as Topeka, Kansas; there were insufficient carpenters and suppliers in the region to provide the instant infrastructure that was needed for the town. Madrid celebrated its "founding" in 1895. Since the town was for the next 80 years wholly owned by a series of corporations, the town itself was never incorporated. In the late 1940s, the demand for coal withered: Natural gas gradually replaced coal as the preferred home-heating fuel, and the AT&SF was replacing its coal-fired steam locomotives with diesel-electrics. By 1954 the Albuquerque and Cerrillos Coal Company ceased to operate and most of the residents moved away. The railroad spur was removed shortly thereafter.

This is a Branch Line of the Atchison, Topeka and Santa Fe Railway. The Atchison, Topeka and Santa Fe Railway (reporting mark ATSF), often referred to as the Santa Fe or AT&SF, was one of the larger railroads in the United States. The railroad was chartered in February 1859 to serve the cities of Atchison and Topeka, Kansas, and Santa Fe, New Mexico. The railroad reached the KansasColorado border in 1873 and Pueblo, Colorado, in 1876. To create a demand for its services, the railroad set up real estate offices and sold farmland from the land grants that it was awarded by Congress. Read more at https://en.wikipedia.org/wiki/Atchison,_Topeka_and_Santa_Fe_Railway

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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.
Price: $30.00