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Fort Worth & Rio Grande Railway Co. - Fully Issued Texas Railroad Stock Certificate

Inv# RS4126   Stock
Fort Worth & Rio Grande Railway Co. - Fully Issued Texas Railroad Stock Certificate
State(s): Texas
Years: 1900's

Fully Issued Stock printed by Franklin Bank Note Co., New York. The Fort Worth and Rio Grande Railway, chartered under the laws of Texas on June 1, 1885, was part of a plan conceived by Buckley Burton Paddock and other Fort Worth civic leaders to create a transcontinental route linking New York, Fort Worth, and the Pacific port of Topolobampo, which they believed would stimulate the growth and development of southwest Texas in general, and the economy of Fort Worth in particular.

With financial backing from the Vanderbilt railroad syndicate, construction of the FW&RG began at Fort Worth in November, 1886, but proceeded slowly with many changes of route, reaching Granbury (40 miles [64 km] away) a year later, Comanche in 1890, and Brownwood, 144 miles (232 km) from Fort Worth, in 1891. In 1901, the Frisco Railroad got control of the FW&RG, which it operated as an independent subsidiary, extending the line to Brady in 1903 and on to Menard in 1911. The Frisco entered bankruptcy in 1913 and made no further extensions of the FW&RG, which in most years failed to make a net profit. Read more at https://en.wikipedia.org/wiki/Fort_Worth_and_Rio_Grande_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: $140.00